A Funeral Policy vs Life Insurance

A funeral policy is designed to pay out a quick amount of cash to cover the costs associated with a funeral. Life cover offers much higher payouts but doesn’t necessarily have the promise to pay-out as quickly. So how do you get the best of both worlds?

With a Different Life policy, you can add the Accelerated Funeral benefit. In the event of your death, the funeral cover amount will be paid to your nominated beneficiary within 48 hours of all the required information for a valid claim, being received.

The remaining portion of the Life Cover amount will be paid after an investigation has been completed.

Posted in Insurance 101 on 29 Nov, 2017