Why invest in a life insurance policy? There are some important considerations for any person, but we are focusing on life cover for South Africans. There are countless reasons why getting a life insurance policy should be at the top of your priority list. Let’s talk about a few of those in more detail.
Why do you need a life cover in South Africa?
South Africa is notorious for crazy levels of crime and high road accident rates, to the point that everyday life can be scary at times. Imagine going about your day-to-day life with the full knowledge that your family will be well taken care of even if something terrible happens to you.
This is what life cover is all about. It removes the worry and replaces it with a solid future plan. It’s as simple as that.
A funeral alone can cost anything from R15 000 to R60 000 and even more in some instances. Beyond that, there is the cost of living, school fees, groceries, covering the bond or rent, paying for transport, and everything that comes with living a normal life. You don’t want your family to have to change their lifestyle after you go because you have not provided for them. So why not be prepared on their behalf?
You can take life cover for you and your partner for the benefit of your children and extended family members who depend on you.
How does it all work?
All you need to do is identify your needs and choose your level of life cover. The rest is easy-peasy. As long as you’re a South African citizen or a permanent resident, you are over the age of 18 and have a bank account in your name, you are good to go with Hollard’s life insurance options.
The plus side of getting life cover in South Africa
Taking out life cover in South Africa protects your spouse and family from any potentially devastating financial losses that can occur as a result of your death.
- The payout for your life insurance is tax-free.
- Your family will receive your policy payout after your death.
- Determine what you can afford to pay and choose a package that matches your capabilities and family’s needs.
- Remember that there is something for everyone and even something is better than nothing.
- Life cover can help your family pay off debts and cater for any medical expenses incurred at the end-of-life stage.
- There will be no need for your loved ones to sell off the family property to pay off omashonisa. Your family will have the means to settle accounts.
- It is the most subtle gift that you can give to them, even though the value isn’t visible until your passing.
Gain the assurance that your family will be protected in the event of untimely death. Contact us today for all your life insurance policy needs.
