Why it’s vital to understand the difference
IN THE 2025 FNB Retirement Insights Survey, 78% of respondents South Africans over 60 said that they have funeral cover, while 38% (of the total market) confirmed having life insurance. The gap says a lot.
Most South Africans see funeral policies as essential because of the rising costs of burial and the deep cultural expectation to give loved ones a dignified send-off. Life insurance, on the other hand, is less understood—despite its role in securing long-term financial stability for those left behind.
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