why do you need a life cover?
Unlike funeral cover, life cover covers you and your loved ones in case of life’s misfortunes. While funeral cover only serves you when it comes to death, life cover can be taken against accidents, disability, illness and loss of income.
Without taking away from the necessity of funeral cover, let’s discuss why life cover is necessary for you and your family.
Funeral Benefit
Like funeral cover, life cover offers a lump sum benefit that is to aid in the case of death. This is to cover all or most of the costs that come with a funeral, and the payout is tax-free, ensuring full benefits for beneficiaries.
Monetary value
Over time, with consistent payments of premiums and minimal claims, you can enjoy the monetary benefits of your life cover. Most companies have a “money back” policy, which guarantees that you receive a portion of your premiums to supplement everyday costs or for you to use as you like.
Planned estate
With the establishment of a life cover, you can control and mitigate the use of the payout. Companies give policy holders an opportunity to select their own beneficiaries, therefore how the payout money is distributed lies solely on you. This minimizes conflict and ensures that funds are shared appropriately.
Affordable
When it comes to price points, policies are generally affordable. Premiums are influenced by factors such as the number of members covered, age range and added benefits, tailored to fit you. Policies can range from as little as R100 per month, for cover up to R100 000.
Peace of mind
Knowing that you and your loved ones are protected from any financial strain in the event of misfortune is enough to rest your mind. Without the hassle of trying to figure out how to recover financially, recovery of any other form is easy and ess stressful.
Contact Esurity Financial Services for the best value in life cover and make sure you and your family are protected from life’s everyday expensive tragedies.
