A senior insurance executive is encouraging families to consider a Family Indemnity Plan (FIP) as a practical tool to manage funeral expenses and ease financial pressures during difficult times.

Othneil Blagrove, chief, sales and marketing, at JN Life Insurance, said an FIP is designed to provide a cash benefit to cover funeral costs and other final expenses for policyholders and up to five eligible family members. He noted that increasing awareness of the product could help more families prepare financially for unexpected loss.

The insurance executive said affordability was one of the main advantages of the plan.