Life Insurance
Buy The Cheap, Affordable Premium cover You Need!
Although the pandemic is over, other reasons for getting Life, Disability and Dread Disease insurance are still there.
This means you need to seriously consider buying Cheap, Affordable Life Insurance!
This guide is here to help you decide on the type and amount of cover you need, to encourage and motivate you to act today!
Why Life Insurance is Essential
You need Life insurance for several reasons like:- dependants relying on your income.
- inheritance for your loved ones.
- pay estate duty costs and outstanding debts.
- securing your family home and their financial security.
- making sure your children receive the education you want for them.
- replace a spouse's income to support your family.
- It is the right thing to do!
Planning for the Unexpected with Disability and Income Protection
Life insurance isn't just about providing for your loved ones after you're gone.It's also about protecting yourself and your family in the event of disability or loss of income.
What would happen if you could no longer work?
Who will look after you then?
And how will you feel having to rely on someone else paying for you?
Disability or income protection insurance ensures financial stability for you and your family in case you're unable to earn an income due to illness or injury.
You certainly need Disability or income protection cover!
Why the Young and Single Need Life Insurance.
- Debts and Financial Responsibilities - If you have debts or financial obligations, such as loans or credit card debt, life insurance can protect your loved ones from shouldering these burdens in the event of your passing.
- Supporting Dependants - Do you have family members who rely on you financially?
Life insurance can provide for their future needs if something were to happen to you.
- Business Partnerships - If you're involved in a business partnership, life insurance ensures financial security for your partners and helps cover the costs of replacing your expertise.
- Lower Premiums - Buying life insurance while you're young and healthy ensures lower premiums and easier access to cover.
Additionally, purchasing a policy early safeguards against unforeseen health issues that may arise later in life.Premiums increase with age and you will not get a better premium than when you buy today!
- Health History - Consider your family's health history when assessing your need for life insurance. Investing in a policy early on, can protect you from premium hikes or denial of coverage due to hereditary health conditions that may occur later.
- Basic Coverage - Even if you're young and single, a small life insurance policy can cover end-of-life expenses, such as funeral costs and taxes, relieving your loved ones of financial stress during a difficult time.
- You are also at higher risk when you are young, as you are way more active. In fact, research show the death rate peaks for those between 20 and 34 years of age!
Life insurance will always form the cornerstone of your future financial planning and the younger and more healthy you are when you start - the more easy it is to get cover and the lower the premium will be.
Why GenZ Need Life Insurance.
- Are you in the stage of life where you're still figuring things out? Whether you're living at home, renting with friends, or starting a new business, it's essential to consider your financial commitments.
- Parental Support: Have your parents helped you financially, either by standing as guarantors for your study loans or by providing initial start-up funds for your ventures?
- Debts and Financial Obligations:Have you taken out loans for education, business, or a car? What about credit card debt?
All these people and commitments will need to be sorted out should something happen to you.
You do need life, Income Protection and Dread Disease cover!
Life insurance may not be a pleasant topic to think about when you're young and healthy, but it's a vital component of financial planning.
Take Action Today. Do not delay planning for your future. Life insurance is not just about protecting your loved ones;
it's also about safeguarding your own financial security.
Start exploring your options for affordable coverage today to ensure peace of mind for yourself and your family.
Social fundraising only goes so far. Turning to "GoFundMe" if things go awry in your life is a long shot. Going viral is really slim and social fundraising sites will take their cut, as will SARS - with absolutely no guarantee about how much — if anything — will be raised.
Every hour someone buys life insurance but never lives to pay the 2nd premium!
So don’t delay - start today!
I have very affordable premium cover for you to investigate!
Why Married Couples Need Life Insurance
When committing to another, you need a good Financial Plan to protect each of you and future together.The only way to instantly provide the money needed to protect that lifestyle you both work so hard for - is life insurance!
Life insurance guarantees that your desired lifestyle can be maintained, even in the face of unexpected tragedies. It's the only way to provide a known amount of money at an unknown time, safeguarding your plans and aspirations for the future.
In sickness and in health, for richer or poorer, life insurance is essential for couples. It provides financial security for the surviving spouse in the event of the other's passing, ensuring that debts and financial obligations can be met without facing crippling poverty.
Parenthood - as new parents, your responsibilities have multiplied, and so have your financial needs.
Along with the financial security of your partnership, life and disability insurance become even more vital with the arrival of children.
A life policy will ensure that your family is financially protected in the event of disability, critical illness, or unexpected death
It provides a safety net for your children, ensuring that they can maintain stability and security even if the unthinkable were to happen.
From keeping a roof over their heads to providing for their education, life insurance helps mitigate the financial impact of losing a parent.
I have never had a surviving parent say the deceased partner had too much life cover.
Why Divorce Needs Life Cover
In the event of a divorce (result of a divorce decree), remarriage or the addition of children or stepchildren later in life, your responsibility to them remains the same as with your previous marriage.It is advisable to reassess your need for life insurance, (especially if maintenance obligations are involved), to ensure financial protection in case of unexpected events. You need to update beneficiaries on your policies and will to avoid unintended inheritances.
Why Empty Nester Need Life Insurance?
Once your children become self-dependent, you may feel the need to reduce your cover and invest the "saved" premiums. However, protecting your income is as important as ever now, along with final expense protection for any outstanding debts.Remember that each spouse should have a life insurance policy, regardless of who makes more money.
Talk to me - email me your concern. I will reply with an answer as soon as I can.
Why Retirees Need Life insurance
Protecting the Surviving Spouse: South Africa, has no social security system and pension capital invested may not always be sufficient.Life insurance plays a crucial role in safeguarding the financial future of families, especially for the surviving spouse. Without this protection, the surviving spouse could face significant financial hardship.
Estate Planning: covering last expenses and providing an inheritance for loved ones.
By securing adequate coverage, couples can ensure that their estate is distributed according to their wishes and that their loved ones are provided for after they're gone.
Common Excuses for Avoiding Buying Life Insurance
Are you using any of these excuses to justify why you don't need life insurance?Let's break them down and uncover the truth:
- 1. "It’s too expensive."
Reality Check: Life insurance is more affordable than you think.
While daily expenses can add up, the cost of a good life insurance policy can be less than the price of your daily cup of coffee. Don't let misconceptions about cost prevent you from protecting your family's financial future. - 2. "I'm strong and healthy!"
Consideration: Being healthy doesn't make you invincible. Just like carrying a spare tire in your car prepares you for unexpected emergencies, life insurance safeguards you against unforeseen events. Whether it's illness, accidents, or the realities of living in a volatile environment, life insurance provides peace of mind for you and your loved ones.
- 3. "I have life insurance from work."
Reality Check: While employer-provided life insurance is a valuable benefit, it may not be sufficient to meet your family's long-term financial needs.
And, if you change jobs or become self-employed, you risk losing this coverage. Having your own policy ensures continuity and adequate protection for your loved ones. - 4. "I don’t have kids."
Consideration: Even without children, if there are people who rely on you financially, such as a partner or aging parents, life insurance is essential. Protecting their financial well-being in your absence is just as important as providing for children.
- 5. "I'll get the policy eventually."
Reality Check: Procrastination can have serious consequences. Don't let "eventually" become your family's "if only."
Investing in life insurance now ensures that your loved ones are protected no matter what the future holds. Consider the small sacrifice of a premium compared to the priceless security it provides for your family's Home Page and future.
Life insurance premiums are determined using:
Age
Marital status
Whether you smoke
Health (your current health, your weight, your family medical history)
Job (some professions carry a higher risk than others and may mean you have to pay more each month)
You could get this cover for as little as R 200 per month, depending on your individual details.
Yes, for less than the cost of a coffee a day, you can secure your family's financial future if you are not here.
| Age | Male | Female |
| 25 | 1,500,000 | 2,200,000 |
| 30 | 1,300,000 | 2,150,000 |
| 35 | 1,200,000 | 2,120,000 |
| 40 | 1,000,000 | 2,000,000 |
| 45 | 900,000 | 1,500,000 |
If you are concerned about life insurance medicals, you can always look at Accidental Life Insurance cover, because there are no medical tests with this type of policy! 55% of claims are due accidents, so it is not a waste of time to consider this cover.
Cash Back from Policies
Be careful choosing insurance that offers you cash back or retirement proceeds.
Not only will you pay higher premiums - after all it is your money that pays for the future cash value anyway, not the insurance company - but as your life insurance risks change over time, you may well find that policy is so expensive in your later years that you cancel it and lose out!
And, on a claim, the cash value is NOT added to the sum assured of the policy!
I can show you a series of products that provide comprehensive cover against a wide range of risks. You can tailor your cover to suit your individual needs and circumstances at your different life stages.
Life insurance is the finest gift you can leave your loved ones.
There is no excuse for not having life or disability cover!
Do you need a cheap, low premium Life Policy?
How much life insurance do you really need and are you are getting the best deal?
Use our years of experience and get the right advice!
Given these direct threats to you and your family, why have you delayed getting Life Insurance and Disability cover?
How do you know that this is not the last life cover offer you will ever read?
083 655 2164
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Peter Pyburn - Authorised Financial Services Provider, fully licensed to render financial services since 1991. Death and Disability Planning; Retirement Planning; Investment Planning; Healthcare and Estate Planning. More...
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Last update: October 4, 2024