One of the most critical types of insurances we, as South African citizens, have to obtain, is life insurance.
In many instances, it can be seen as a cover that you take out on your life, but it is more than that. It is of critical importance to your loved ones.
There are plenty of insurance companies in South Africa, where you can obtain policies.
The primary purpose of getting life cover from a firm like Platinum life insurance or Momentum life insurance is to protect your family financially when you die.
This insurance ensures that your family will have the financial ability and stability to maintain a particular lifestyle where the insurance money can now act as a supplementary income.
This is Not about You – it’s About your Loved ones
When a person takes out insurance, you can have peace of mind that your dependents will be cared for when you are unable to.
There are a number of points to consider when looking at life insurance, as always it comes down to money, but you;re worth it.
How does your budget look? You need to make provision for the future concerning insurance, but you have to be able to pay the premium each month. Make sure that the insurance premium offered will fit into your budget.
Will the amount that the insurance pays out be enough to cover your debt and be sufficient to live off? Make your rough estimate of what your insurance needs are by adding an estimated funeral cost, the total of all your debt and six to twelve months of income replacement.
With life cover, you are also able to obtain additional products like insurance for disability and dread diseases. Make sure what your life cover includes and what conditions it excludes.
Obtaining a Life insurance Quote is easy
You can get insurance quotes telephonically or online from insurance companies like FRANK. NET or OUTsurance. You might even receive a text message on your mobile phone that qualifies you for instant life insurance when you reply to that number.
However, before agreeing to something or getting excited about the amount they might be offering, keep the following in mind when you are looking.
Consult an independent broker – An independent broker has access to many products and does not favour one insurance company, thus will be able to recommend products more objectively.
Compare similar products – When looking for life insurance, make sure that you compare the same products concerning price.
Ask questions – You should know and understand the products that are offered.
Online insurance quote
When looking for insurance quotes, request online quotes from well-known firms like Hollard and Metropolitan Life Insurance, who are established and have good records of accomplishment.
Complete and send the form to get a FREE insurance quote