Life cover vs Funeral cover FUNERAL COVER Is insurance which provides funds for the short-term. Provide for things like groceries for family members during the funeral preparations, airtime to communicate with family members, the tent, tables and chairs for the event, catering, the casket and tombstone, flowers, and transportation for important family members from the ceremony to the grave yard etc etc. Funeral cover is an important investment to make so that your family is able to give you the dignified funeral that you deserve (as this is very much valued by some cultures). However, it is also important to think about what will happen to your loved ones after you are gone. LIFE COVER Is different in that it provides funds which consider the long-term consequences of death – life after death. The value of life cover is usually three times your annual salary and, in most cases, is paid out as a once-off lump sum. The purpose of life cover is to ensure that there is enough money to firstly, settle all outstanding debts upon your death, and secondly, to continue providing for your dependents who are left behind. Contact our New Brighton Office: Gloria Mnweba Branch Manager & Financial Advisor 041 819 8244 [email protected]
Posted on: Wed, 01 Oct 2014 06:23:24 +0000
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