The importance of funeral and legal expenses insurance

Navigating IP rights
Your financial well-being starts with financial literacy. The more you know, the better equipped you are to plan and manage your finances.
AVBOB proudly brings you Mutual Wellness in 60 Seconds, a series on financial wellness matters, and all things ‘mutual’. 
As Africa’s largest mutual society, AVBOB takes your financial health seriously.
In the two videos below, we look at the importance and benefits of funeral insurance as well as why you might consider legal cover for you and your family.
Funeral insurance
Funeral insurance is typically an insurance policy that provides financial cover for the costs associated with a funeral. It’s a way to ensure that there are sufficient funds available when that time comes.
Arranging and preparing for a loved one’s funeral can be very expensive… and the last thing you want is a financial burden at such a difficult time. 
Quick access to funds is needed to cover the cost of burial or cremation and arrange transport, catering and more. That’s why funeral policies pay out in the shortest possible time.
Simply put, a funeral policy can provide financial relief and peace of mind for the ones left behind.

Legal expenses insurance
Depending on your policy, you can get legal cover yourself, your spouse, your children, and even your extended family!
Legal matters can be costly and having access to affordable legal advice as well as protection against the cost of legal action (known as litigation) is vital. 
You can take out specialised insurance for legal expenses, which will help you cover the fees for a wide range of legal matters, including court costs, bail and more.
Did you know that AVBOB also offers legal insurance from as a little as R75 per month?

Visit www.AVBOB.co.za or call 0861 28 26 21 to find out more.
AVBOB Mutual Assurance Society is a licensed life insurer and authorised Financial Services Provider. FSP 20656. AVBOB is a level 1 B-BBEE contributor.