Funeral policies and life insurance are very different.
Each one has a number of pros and cons.
Who needs a funeral policy and who needs life insurance?
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Funeral cover is much more expensive than life cover. However, funeral cover is not underwritten and therefore easy to get almost immediately. For life cover you need a host of checks. Funeral cover pays out immediately. Life cover can take months.— Khanyi Nzukuma
There are about 620 000 funerals per year in South Africa.— Khanyi Nzukuma