Life Cover

By successfully juggling your obligations to your family and your job, you’re creating the kind of future you want. But what if something unforeseen happens in life? Should you pass away, we’ll help ensure your loved ones have enough money to maintain the kind of living you’ve always wanted for them.

What is life cover? 

Your dependents will get a predetermined sum of money through life cover (also known as life insurance) in the case of your passing. Even if you pass away, it will help to make sure that your loved ones are cared for, supported, and given financial assistance.

Why should you think about life insurance? 

Life is a mystery. Think about what would happen to the individuals in your life who depend on you for money each month if something were to happen to you. In the event of your passing, you’ll want to make sure you’ve done everything possible to support your family.

Life insurance that suits your needs

The Life Cover sum assured may be used to pay off outstanding debts, support your dependents’ ongoing living needs, or cover any estate-related obligations.

One of the unique aspects of the Life Cover benefit is Cover before your first premium is paid. 

Another benefit is that in the case of a death claim your family can get access to a portion of the benefit within 48 hours, providing you peace of mind that the costs of your funeral and other emergency expenditures would be paid after your death. offering your beneficiaries, the option of receiving an income payout or a lump sum.

How much coverage do I need for life insurance?

There is no easy way to determine exactly how much Life Insurance you need, but one of our certified financial advisers can give you a reasonable sense of how much insurance you need.

Depending on your age and the number of dependents you have, you should make sure that your death benefit is equal to a multiple of your yearly wage. 

However, think about the costs your loved ones would have to bear if you were to pass away suddenly. How much cash will be required to pay the mortgage? Do you owe money on your credit cards? Do your kids need money to pay for school or to attend college?

Speaking with an Accredited Financial Adviser is the best method to figure out how much life insurance you require. 

They will be able to provide a thorough analysis depending on your precise demands, considering any significant debts you might have (such as your mortgage), your age, risk profile, and your typical monthly expenses, That will determine the amount of Life Cover you need.

Disclaimer

This document’s material does not represent advice. This document’s legal, technical, and product details are all subject to change at any time. A list of product features as of the time of release is provided in this document. The contractual terms and conditions (policy wording) will take precedence over this text in the event of a conflict.