3 Benefits of buying life cover this year
Do you have loved ones who depend on you financially? If the answer is yes, here are three good reasons to consider adding life insurance to your financial portfolio sooner rather than later.
1. Protection for your dependants
Are you married? Do you have children or dependent siblings? Or are you supporting elderly parents? While you can’t guarantee that you’ll always be here to take care of those dearest to you, with life cover in place, you can ensure that they’ll be financially protected should anything happen to you.
2. Peace of mind for you
If you pass away, your beneficiaries will receive a cash lump sum that will allow them to continue living the life you want for them. The insurance pay-out can help your family cover living expenses, pay for school and university fees, settle outstanding debts like a home loan, and more. This means you can have peace of mind knowing that whatever happens, your family’s future is taken care of.
3. More affordable cover
When you apply for life cover, your age and health status are taken into account when your cover amount and monthly premiums are calculated. The younger and healthier you are, the more likely you’ll be to have fewer (or no) exclusions and to pay less for your cover each month. So, the sooner you take out life cover, the better.
The bottom line?
If you’re supporting someone financially, consider taking out life insurance and naming them as your beneficiary to ensure they’re protected in the event of your death. Want to know more? Visit our Life Cover page to get a competitive quote or ask one of our consultants to call you back.