Be protected against life’s uncertainties.
This post was published on 11 Apr, 2019

Want your family to be protected against life’s uncertainties?

  • Get life insurance
  • Write a will
  • Protect your assets


Everyone wants the best for their family, a spouse, children, and aging parents, really anyone you need to take care of.

You work hard to take care of your loved ones, having life insurance means if something were to happen to you, your loved ones will have the financial means to go on. A lot of people seem to not be getting that message, only a few South Africans are protecting their family with a life insurance policy. In fact, most people don’t deem life insurance as a priority.

Although life insurance can be confusing and complex sometimes, it shouldn’t be. It is very important to have life insurance to make sure that your loved ones and assets are protected should anything happen to you. Life is unpredictable, make sure that your family can continue maintaining the same standard of living in the unfortunate event that something happens to you.


What is insurance?
Insurance basically means protection against future losses. It can be defined as a forward planning by a person to arrange against the unexpected possible contingencies, which can arise in the future.

You can ensure security against unexpected financial losses. This security can be bought in exchange of a particular amount called as premium. In short, insurance is a measure one can take to fight against the financial odds, on the basis of a pre-payment.

Choose a life insurance product that is simple, hassle-free and very easy to understand. Whether you have your sights set on a new home, about to start a family, a new job, or simply re-looking your finances to secure your future. Empower your family by getting life insurance.


Here’s why life insurance gives you and your family power:

  • Life insurance provides your remaining loved ones with a lump sum to enable them to deal with the adverse financial consequences of death.
  • Life insurance enjoys favorable tax treatment compared to other financial products.
    - Death benefits are tax-free to your beneficiaries.
  • You have the freedom of choosing your own beneficiaries and the percentages of their benefits
  • You can use life insurance as surety for your property, that way ensuring your loved ones still have a home after your passing**

Wanting to do the right thing often just comes down to better educating ourselves on the advantages of life insurance. Below are some of the things a life policy can cover and pay for:

  • Lost income, this can be as a result of a disability or retrenchment
  • The cost of a funeral
  • Paying for your children’s education
  • Groceries and general life expenses

Another little known fact about life insurance is how affordable it is. For example, a healthy 30-year-old can get R500 000*, life insurance policy for about R151.10* a month. Protecting your loved ones financially is both doable and affordable, it is also a responsible thing to do. Chat to one of our insurance consultants on 0860 63 33 39 or get an online quote here.

* Premiums are risk profile dependent
 **Subject to policy T’s&C’s

BLURB:
This reading piece has some helpful information to help you achieve your financial goals.

READ MORE SOURCES:
https://www.modernwoodmen.org/financial-planning/protection/protect-against-lifes-uncertainties/ https://www.rediff.com/getahead/report/money-6-reasons-why-you-must-buy-insurance/20160201.htm

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