Protect your loved ones with life insurance
One way you can protect your loved ones and family is by taking out a life insurance policy. Your life insurance is far more than a “nice-to-have”. If you are covered, you are guaranteeing that your family and loved ones continue to live in the manner they have been accustomed to after you have passed away.
When you die, your life insurance cover will pay out immediately to the beneficiary you have specified such as your spouse. If you have children that are financially dependant on you, you will be protecting them as well. Whether you are single or in a long-term, committed relationship, you can have peace of mind that your loved ones will not suffer materially once you are gone.
How much cover do you need?
The amount of cover that you needs depends on your age and circumstances but, generally, R1 million’s worth of life insurance provides R4000 in monthly income for dependants. After your death, whether by natural causes or through an accident, your submitted claim will begin to process and the money will be paid as a lump sum of cash. The money paid out can be used for anything, even to pay off a home loan or to pay outstanding debt.
The easiest way to get a quote for a life insurance policy is to apply online. This is done with ease and the process is quick to purchase a policy in just a few minutes. This climates the cost of the call centre, broker or agent, which saves money on premiums. You don’t need a medical examination to qualify, although one might be required later on.
Applying for life insurance
If you are between the ages of 20 and 65, you can be covered for life. Premiums can be increased annually in line with inflation, and this can also be increased, reduced or stopped at any time, without any penalties involved. By making the decision to get life insurance is the first step towards accommodating it in your budget. Even in tough economic times, you can’t afford to be without life cover.
Category: Life Insurance
Tags: cover, life insurance, life insurance policy, policy,
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