Life Insurance Cover
Why life insurance?
Whether you are single or married, we all have financial commitments.
Life cover provides you with the security of knowing that should
you die today your dependants will have the same life style as they
did when you were still working.
How will your family survive on one person’s salary if you
maintained the lifestyle with two people working?
Life insurance pays out a tax
free lump sum to have all your expenses taken care. It is important
to leave you dependants with at least some sort of financial security.
How much is enough?
Ask yourself if you were to die today, will your house, cars, personal
loans and other debts be covered? Will your dependants have enough
money to survive at least twenty years, will they achieve their
goals which you had planned and will there be money for any emergency
events?
When we buy life cover we must insure that:
Our debts are covered; our dependants have a Capital amount available
24/7 for emergency’s. They must have a monthly income growing
above inflation for at least 20 years. Kid’s education must
be taken care of, from primary to university.
Having life cover is about having the best for you family even
if you are not around any more.
As a breadwinner you have insurable interest in your spouse, the
one will not survive with out the others support.
Affordable Life cover:
The affordability of life cover insurance depends on the
amount of cover you need and getting underwritten on your gender,
age, occupation, current health status, personal risk profile.
Cost can change if special benefits are needed.
Future cover; for if you become un insurable you will have additional
cover.
You can ad additional family members on your insurance portfolio.
Some insurance company’s have ad add-on benefits such as funeral
benefits and loyalty benefits that can be added to your life cover
and many more option are available when applying.
We will provide you with a summary of how much every company we
are contracted with will charge you for life cover.
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