February 9, 2023
It’s never fun to think about what happens after you pass away.
However, when you don’t have a plan in place to ensure your family is cared for, you risk leaving them unable to afford living expenses, childcare costs, or mortgage repayments – or to cover any other debts you leave behind.
In fact, according to actuarial models, 380 families in South Africa lose their providers every single day. 30% of people who die don’t have enough cash to cover their costs and debts, and 40% of families don’t have any form of Life Cover at all.
That means that starting today, at least 152 families will struggle to make ends meet for years to come, be forced to face the challenges of working and raising a family as single parents, or even risk losing their homes and belongings to creditors.
Even a funeral can be expensive. Whether you choose to be buried or cremated, you can expect to spend a minimum of R7 000 – and that’s if you don’t rent a venue, hire a tent, or pay for food and catering. For a full memorial service, your family may need to spend at least R17 000 to R20 000 – if not much more – to properly honor your life.
Moving on and rebuilding after losing a family member is hard enough.
By making a small investment now, you can give your family the financial security to make this difficult transition easier – no matter what happens.
Create a custom Life Cover plan Today to meet your unique needs, including:
• Get up to R10 million life cover immediately with just 1 simple call and no paperwork
• Salary protection, critical illness and disability cover to protect you in the event that you become so sick you cannot work or suffer a life-changing injury
• No waiting period to receive your Life Cover
• No tedious or expensive medical exams before you can purchase your Life Cover
• Accelerated Funeral Benefits, which allows your family to use your Life Cover to pay funeral expenses even before finishing a full claims assessment
A life insurance policy is there to make sure that a family has financial protection when the breadwinner passes away. When you take out a life cover policy, you pay a premium every month and, in the event of the life assured’s death, your Life cover will pay your beneficiaries, for example, your family or other dependents, a lump sum.
Your family can use your life insurance payout to survive the loss of your income and provide them with the financial protection they need to live the life you’ve always planned for them.