Taking about deaths and life insurances is not an easy or pleasant subject as normally we do not like to talk or think about deaths rather we would like to spend the maximum time of our lives with our precious ones and would make sure that we get the resources to be able to live happily in our lives. However, it is better to have a cover for life as death is an unexpected reality and you would not like your loved ones to get into unwanted problems in case you die as death itself is a sad reality and additional problems can only make the situation worse for your family members in case of your death. Thus if there are one or more of family members who are somehow dependent on you, you might think about getting a life insurance or a funeral cover and in reality these are 2 different terms here is how.
Life cover or insurance:
A life cover or insurance is normally for the events after your death which can put your family members into trouble financially such as saving your family from any debts you might have had, covering the educational expenses of your children after you are no more, covering the costs to maintain your parents who were previously dependent on you and after your demise they cannot afford to live a life happily because of lack of finances or even a life insurance can cover for any unexpected accidents you might meet or expenditures on any disease you might have the treatment for which you might not have the money when needed. A life insurance policy can also include the costs required on your funeral but does not usually contain funeral covers as briefed below;
A funeral cover is for family members who can give you a proper funeral which may include the purchase of land for your burial, costs associated with having a venue inviting people to attend the funeral, the decorations, flowers, memorial built ups and thus giving a proper funeral can be costly nowadays and a funeral cover can save the family from not being able to give you a proper goodbye because of not being able to afford the money related to funeral costs. Funeral covers can be seen at www.withgrace.co.za for South Africa and they are not related to any other facilities as covered by alife cover such as debts etc.
© General Community 2018