AUTHOR: ATLEHA-EDU
The answer might surprise you
LOSING A loved one is tough enough without those left behind having to worry about financial burdens. For this reason, many South Africans opt for a fu-neral plan to ensure their families don’t have to bear the cost of a funeral. However, you must be smart about it.
Some retirement funds offer a death benefit, funeral cover, and life cover. Make an appointment with your financial advisor to understand whether your retirement fund offers these benefits and whether the amounts provided will meet your family’s needs.
Also, remember to update your Beneficiary Nomination form to help your retirement fund pay out a death benefit to your dependants should you die before you retire.
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