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Victoria Funeral Insurance

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Find the right Funeral Insurance in Victoria

Victoria Funeral Insurance Overview

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Funerals are events that mark the celebration of a person’s life. When a funeral involves a senior citizen in Victoria, it is necessary to make sure that every aspect of the event is well-organized. However, a successful funeral requires planning but this calls for experience and prior knowledge. This is where the service of funeral directors in Victoria is needed.

You can hire an accredited funeral director in Victoria to direct your funeral and ensure that no stone is left unturned. A funeral director will provide maximum assistance to you as regards the funeral and ensure that the wishes of the deceased and those of his loved ones are fulfilled.

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Victoria Funeral Insurance Details

Victoria Funeral Bonds

You need money to make your funeral successful but since most Canadians live paycheque to paycheque, it is usually difficult to fork over some cash for the purpose of a funeral. However, you can make it a lot easier for yourself by investing in a funeral bond.

Funeral bonds are reliable, portable and flexible. They are backed by a capital guarantee. The bond amount can only be released upon death and it must be used for the purpose of the funeral. The bond is indexed annually and there is a maximum amount that can be invested. Contact your funeral director in Victoria for more information about funeral bonds.

The funeral bond in Victoria has the following benefits:

  • Funeral bonds are a rock-solid investment and they don’t have an entry or exit fee.
  • Your earnings in a Victoria funeral bond will not affect your personal income tax position in the city.

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Victoria Obituary and Mortality Rate

Just like most Canadian provinces, the death rate per 1,000 population in British Columbia is slightly increasing. The figure increased from 7.3 in 2007 to 7.7 in 2016, above the national average of 7.4. However, B.C. has an increasing life expectancy.

An obituary is usually organized in Victoria as a way to remember a deceased resident publicly. It is a notice of death placed in a newspaper and including a short biography of the deceased.

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Victoria Funeral Homes Listings

  • Sands Funeral Chapel Cremation and Reception Centre – 1803 Quadra St, Victoria, BC V8T 4B8 – (250) 388-5155
  • McCall Gardens Funeral and Cremation Service – 1315 Cook St #1, Victoria, BC V8V 4A3 – (250) 385-4465
  • First Memorial Funeral Services – 1155 Fort St, Victoria, BC V8V 3K9 – (250) 384-5512
  • Funeral Service Assn Of B C – 2187 Oak Bay Ave, Victoria, BC V8R 1G1 – (250) 592-3213
  • Earth’s Option Cremation and Burial Services – 5 – 831 Devonshire Road, Victoria, BC V9A 4T5 – (778) 440-8500
  • Alternatives Funeral & Cremation Services – 831 Devonshire Rd #5, Victoria, BC V9A 4T5 – (250) 412-1664
  • Care Funeral Services – 934 Goldstream Ave, Victoria, BC V9B 2Y4 -(250) 391-9696
  • Prepaid Funeral Registry – 5-831 Devonshire Rd, Victoria, BC V9A 4T5 – +1 800-876-8614
  • Pacific Coast Cremation Ltd. – 717 Goldstream Ave, Victoria, BC V9B 2X4 – (778) 433-9344
  • Hatley Memorial Gardens -2050 Sooke Rd, Victoria, BC V9B 1W3 – (250) 478-1754

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Victoria Funeral Insurance Related Pages

Victoria Funeral Insurance News

Funeral homes in British Columbia say they have been subsidizing the cost of funerals for years for people who are not able to pay funeral costs because the provincial government is not providing sufficient amount to cater for the cost.

According to the Ministry of Social Development and Social Innovation, the province of British Columbia spent $3.2 million for funeral services for close to 2,000 people who do not have relatives or resources to fund their funeral cost in 2013, $885,000 was spent on Vancouver Island alone. This corresponds to an average of $1,600 for each funeral.

Ellen Henry, the executive director of the B.C. Funeral Association based in Victoria, said that the province usually caters to just a fraction of the cost, leaving the rest which could amount to several hundred dollars up to the goodwill of the funeral providers to cater. The provincial outlay has been constant over the years but according to Henry, it is lower than the amount provided by Alberta which is closer to the actual cost of providing funeral services.

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Victoria Funeral Insurance FAQ

What Does Funeral Insurance Cover?

Funeral insurance in Victoria pays the coverage amount up to $15,000 to your estate in the event of your death.

How Much Does It Cost For Funeral Insurance?

The average cost of funeral insurance in Victoria is $50 per month. But, the actual amount you pay in premium depends on several factors such as the face amount of coverage you purchased, your age, gender, and health. However, most people purchase a face amount of $10,000 in coverage.

What Happens When a Family Can’t Afford a Funeral?

If your family cannot afford the burial, cremation or funeral, they can sign a release form with the state indicating that they are unable to pay for the burial. The state or county will pitch in to either cremate or bury the remains.

What Is the Difference Between Life Insurance and Funeral Insurance?

Funeral insurance pays a smaller lump sum than life insurance. In addition, while funeral insurance is most suitable for a short-term expense, life insurance is usually leveraged to cover long-term financial security.