What Is Life Insurance Cover South Africa

Life insurance — it’s protection for your family and peace of mind for you.

Life Insurance is one of the best ways in which people in South Africa plan for their financial future.
In terms of a life insurance policy, the insured is required to pay a premium for a specific period of time or for their entire lifetime. in return, the insurance company pays a certain amount of money in accordance with the conditions set out in the policy document to their family in case of death, serious illness or disability.
There are four individuals who are party to a life insurance policy, each required to fulfill their obligations in terms of the agreement.

• The person who buys the policy is the policy holder,
• the life insurance company is the insurer,
• the person whose life is covered by the insurance policy is the life assured and
• the person who ultimately receives the compensation from the insurance company is the beneficiary.

Choose an insurance that is right for you

Getting Life Insurance

Buying life insurance is a big step! There are endless options which can be dizzying and a lot of insurance companies which can be confusing.
To make the right decision you will want to be prepared when choosing your life insurance. www.lifeassurance.org.za helps you through your decision process efficiently and effectively without making errors. Once you purchase the right life insurance policy, you will feel much better about your current situation, as you can rest assured about the financial safety of your family.
No one likes to think about it, but there is something very reassuring about knowing that, if the worst were to happen, your family would be financially secure. This assurance comes at a price – and the longer you wait the costlier it gets.