The difference between Funeral cover and Life cover

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The difference between Funeral cover and Life cover

Рет қаралды 15,049

Mapalo Makhu

Күн бұрын

#insurance #lifepolicy #funeralcover
Know the difference between a funeral policy and a life policy.

Пікірлер: 42

@leratotsotetsi4944 3 жыл бұрын

Nothing is free in this world...Great lessons Mme!! Life policy is the only worthwhile product to putting your money in...done!!

@davidjanuary9511 2 жыл бұрын

We should educate our kids these things, if my parents would have been educated. They could have informed me about these things. At 43, found out about this🙏❤️🇿🇦😘Was very informative, thank you

@malebogogosiamemang Жыл бұрын

Thanks for the information I'm just a new trainer in this insurance industry and sometimes I confuse the funeral cover and life cover Thanks 😊

@thatotg 2 жыл бұрын

And the birds applaudes the great lecture you gave... Thank you so much Mapalo. 📝

@nicolecanham3127 2 жыл бұрын

Thank you so much. This was very informative and educational ❤

@karabomasela5387 3 жыл бұрын

Thank you so much. You are really equipping a generation with financial wisdom that we never got at school. Started a new job and I’m contributing to a provident fund but had no idea about it’s in’s and out’s. This information really came in handy today. Thank you so much.

@rutendofortunate 3 жыл бұрын

l prefer a life over the funeral too but still feel the importance of the funeral one is important as the life policy will come after the burial.Thank you so much sis.

@MapaloMakhu 3 жыл бұрын

A Funeral cover definitely has its place and importance for the day ✨

@thevillagegist 2 жыл бұрын

I love this ..thanks so much Mapalo !

@laurenceaugustsonMar21 7 ай бұрын

Right on 👍

@thomasmashabane6085 10 ай бұрын

very helpful

@MapaloMakhu 10 ай бұрын

Glad it helped

@Phyllisjordan2006 Жыл бұрын

This was so helpful. Thank you so much.😊

@sifisomdhluli2564 Жыл бұрын

Thank You Tribe😺.

@givennkosinathi5399 2 жыл бұрын

Very helpful thanks. 🙏🏿

@Sherryqueenshevisions Жыл бұрын

Thanks 😊

@Stranger2Sum Жыл бұрын

Thank you

@MapaloMakhu Жыл бұрын

You're welcome

@tinyikokhosa9471 Жыл бұрын

Hi Mapalo, thank you for your video on funeral cover and life cover this video is very informative. But theres something I've been told off but I wasnt to sure if I should have it or not, which is gap cover. May you please make a video on gap cover and how it can assist on medical Bill's,and is it necessary to have?

@MapaloMakhu Жыл бұрын

Ohhh yes! Gap cover is a big deal, I will certainly do a video before the year ends on it. Thank you for the suggestion.

@TheZuluPrincess 9 ай бұрын

Thank you for the info, do I need life cover if I don't have children and a spouse? I have it but not sure what for🤔and considering cancelling it to streamline my finances.

@vuyisilejali4623 2 жыл бұрын

Which one is better between term life insurance and whole life insurance?

@trenchezkid Жыл бұрын

I could give you a quotation then you can see which one works out for you and the people that depend on you

@JabulanikaSithole 11 ай бұрын

Term life cover is to protect your income A whole life cover is to leave a legacy for your kids Therefore when choosing a life cover it should be based on the goals you have either to leave a legacy or to protect your income

@tshilidzimagada4494 Жыл бұрын

Thank you for the explanations! I have learnt so much. I just have a question, how long does it take for the life cover to pay out any claims?

@JabulanikaSithole 11 ай бұрын

Depends on the company you chose.... Each company has their own payment wi indow

@tlkbict6353 2 жыл бұрын

Hi there, I recently joined the group ..I must say you carry an informative channel , I definitely enjoy the content, however I would like to find out if in South Africa , are we provided with an insurance life cover that could become a loan to assist expand cashflow , if there is which companies could you recommend

@materenemolaoa1752 8 ай бұрын

They just serve a different purpose. Saying life’s superior makes no logic as life covers only the policyholder, funeral however covers your family members when they are dead.

@nosihlematyeni7650 Жыл бұрын

Thank you so much for this video, very eye-opening especially as I am looking into this for my parents as well. Would you advise one to take a funeral policy or life cover from a bank or directly from institutions that offer these?

@JabulanikaSithole 11 ай бұрын

Rather opt for taking a life cover from an insurance institution mainly because of the benefits an insurance company has over a bank. For example there are insurance companies where a life cover has a retirement benefit meaning when you reach retirement age the policy becomes paid up but you still enjoy the benefits

@nosihlematyeni7650 10 ай бұрын

@@JabulanikaSithole Thank you very much for this, I will definitely look into it

@zinhlesharol3857 Жыл бұрын

hi my sister I want to know where I get it because I stay at Ballito

@karies6895 Жыл бұрын

If a person wasn't sick at the time they took the cover and a decade later they contract a chronic illness are they still required to inform the insurance company? Thanks for the info btw 🙏

@JabulanikaSithole 11 ай бұрын

Yes you are required to inform them

@cebilenzuza 3 жыл бұрын

Also Mapalo funeral cover is actually expensive, for an example for the same premium funeral cover will be for a super low amount compared to life cover. The solution is to save money and have a funeral fund for immediate family in a savings account and not have extravagant funerals as black people.

@MapaloMakhu 3 жыл бұрын

eish! now our people will kill you if you tell them NOT to have extravagant funerals! You often hear, 'the casket was so nice and expensive"!!! Like, you've just spent thousands and thousands on something that's going to decompose?!

@cebilenzuza 3 жыл бұрын

@@MapaloMakhu what i did was before cancelling the funeral cover was to save an equal amount to what I had covered my parents and siblings for in a savings accounts. Then i increased my life cover.