Life Cover
- In the current economic state, we rely on one or both partners in a household to contribute towards the costs of living and upkeep of the family. If one partner were to pass away, the other would be left with financial strain and inability to sustain their current way of living – Life Cover addresses this need! -
- Pays a tax-free lump sum to a beneficiary or estate
- Pays out in the event of the insured passing away
- Insured determines who the beneficiaries are and the amounts they must receive
- Life cover can pay for estate duty and debt upon death, for example, a mortgage bond
- Life cover can pay for university and school fees when the insured passes away
- Life cover can pay for key persons in your business that pass way
- Life cover is affordable for young individuals, and as contributions increase, so the cover increases annually
- Most insurers have minimum premium options available – less is better than nothing at all
- Dread disease/severe illness cover can be added for unexpected life-threatening illnesses
- Add income protection cover for the event of serious injury or illness that prevents you from performing your normal work
- Disability cover can be added for an unforeseen event/accident that might leave you disabled