A recent news story highlighted the desperation that can result when a funeral policy payout is delayed.
Tag - funeral cover
What are the pros and cons of taking out funeral cover through a burial home versus going directly through an insurance company?
The recent FinScope SA report, which analyses how consumers are using financial products and services, has revealed a concerning trend around credit extension.
Simply Financial Services is a low-cost, no-frills insurer that offers a domestic worker life, disability and funeral cover for less than R100 per month.
Episode 4 of the Change In your Pocket series deals with protecting your biggest asset: your future income.
Life insurance and funeral cover have distinctly different purposes.
Why death is killing us financially “Around 85% of people’s debt problems start with a death in the family,” says debt counsellor Deborah Solomon. Despite a relatively high penetration of funeral policies, Solomon says the cost of death in families is plunging many middle- to lower-income earners into debt spirals from which they cannot escape...
“Can I have more than one life insurance policy?” asks Susan Maya replies: Although technically you could have more than one policy, you need to be careful that you are not “over-insured” as you may not receive the full pay-out that you have been contributing towards. Suzanne Stevens of insurance company BrightRock explains that risk cover...
It is important to find a balance between insuring for the unexpected and paying off your debts. Make sure you are not overinsured at the expense of your savings The average government employee spends around eight percent of their salary on funeral, life and savings policies says Clark Gardner of Summit, a Financial Wellbeing company. Gardner...