Difference Between Life insurance and a funeral plan

These informative interviews on the important topic of life insurance were first broadcast live on the Expresso Morning Show on SABC3. Now available as video clips, they offer valuable information on how to ensure your family will be financially comfortable after you’ve gone. In this video, Khensani Baloyi, Old Mutual’s Product Expert on Retail Protection Solutions, explains that although funeral insurance also pays out when a person dies, the two types of cover have very different purposes. The difference is that funeral insurance is designed to meet immediate and short-term needs, such as funeral costs, while life insurance is designed for longer term needs and goals. In the case of life insurance, it’s always advisable to reach out to a qualified financial adviser to help you figure out how much you need and how much you can afford. For more information, please visit: https://www.oldmutual.co.za/personal/... 0:01 Introduction 1:05 How much does Life insurance cost? 1:38 How flexible is Old Mutual Life insurance? 2:27 What are the similarities and differences between Life insurance and Funeral insurance? 4:13 Where do you start with the process of taking out Life insurance? #OldMutual #LifeInsurance