A provident funeral contract, also known as a foresight contract or funeral agreement, is a contract that allows the subscriber to relieve their loved ones of the task of financing the funeral, or even organising the ceremony, and thus ensure that their last wishes are respected. In this way, people with foresight free their families from all financial and organisational constraints when the time comes.
You should not confuse a provident or funeral insurance contract with a death insurance policy. Death insurance only provides the beneficiary named in the contract with a lump sum. This capital is not automatically intended to cover the policyholder's funeral expenses. They are offered by banks and insurance companies, and in no way define the policyholder's final wishes.
Anyone over the age of majority, living in Switzerland and of any age, can take out a funeral contract, but it is generally around retirement age or when people have health problems that they think about it.
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