Sponsored | Old Mutual launches funeral insurance that will help cash-strapped South Africans cover their extended family

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Old Mutual’s Funeral Insurance gives breadwinners the peace of mind knowing they can give everyone they take care of a proper burial.
Old Mutual’s Funeral Insurance gives breadwinners the peace of mind knowing they can give everyone they take care of a proper burial.

The number of South African breadwinners known as ‘the sandwich generation’ – who may support their growing children on one side and unemployed or ageing adult family members on the other – is at a historic high of 42%, up from 34% in 2019.

At the same time, 57% of earners are bringing home less than they did at the start of lockdown.

This is according to the Old Mutual Savings and Investment Monitor Covid-19 Special Report, released in July, which reveals an unprecedented increase in the pressure felt by survey respondents – close to 60% of whom are experiencing great financial stress.

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