Hollard Life Solutions wrote an article to educate people on the difference between and the importance of, life insurance and funeral cover. Hollard said these products should not be viewed as competitors, because most people probably need both. It added that life insurance can also include coverage for issues like critical illness, disability and income replacement. These products allow one to continue to meet financial responsibilities, should illness or disability prevent one from working. Hollard said, “it never hurts” to talk to an advisor, as they can advise one on suitable products that give one peace of mind, knowing one’s family is adequately covered.
