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Do you need an expensive funeral policy when you’ve got life insurance?

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?

The Money Show’s Bruce Whitfield interviewed Metropolitan CEO Khanyi Nzukuma for his weekly "Make Money Mondays" feature.

Scroll down to listen to the interview.

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

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This article first appeared on 702 : Do you need an expensive funeral policy when you’ve got life insurance?


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