Life insurance and funeral cover are things that everyone should think about. However, it’s important to note that there is a difference between these types of long-term insurance.
In this article, we talk about the difference between life insurance and funeral cover and why it’s important to consider them as part of your personal financial planning efforts.
The main reason why anyone takes out insurance on their life is to ensure that their dependents are looked after financially after they pass.
Many people are under the impression that a funeral cover policy is enough to cover the financial burdens that come with an untimely death but often this only provides enough capital to arrange a dignified memorial and not much more.
It is possible to have both life insurance and a funeral plan. This ensures that your dependents will have enough money to provide the burial service you deserve as well as cover their daily and future expenses.
Navigating the insurance world can be a daunting and overwhelming activity. That’s why our financial planners in Johannesburg are here to help.
Whether you are looking to take out a brand-new life insurance policy, want to find out more about funeral cover, or even if you want to know if your existing policy is enough, our financial advisors can assist you.
Contact us for more information.
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