Why should I take out Life Insurance if I already have Funeral Insurance?

A Funeral Insurance is a lifelong insurance and covers the costs of the funeral.

A Life Insurance is often a requirement of the bank when providing a mortgage loan. Such an insurance will repay the mortgage amount in whole or in part upon the death of the insured person.

Also, in the event of the passing of one of the partners in a household, the surviving partner often is left with financial worriers. The household now has one income less, or someone needs to be involved to take over certain activities in the family.