Tag - funeral cover

The high cost of death

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...

Ensure you’re not over-insured

“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...