You need to sit with a qualified financial planner to work out how much death cover you should have, according to your unique circumstances. Click here so see a list of things you will need to discuss!
The amount of cover you have currently
The amount of income your dependants will need
Your spouse’s required income if you are married
Your cost of living, including household expenditure and medical costs, your dependants’ monthly income
Your future needs and lifestyle changes. Once this all has been taken into consideration, your financial planner will be able to calculate the level of income your current life cover will provide and how much additional cover you need to buy to meet your dependants’ specific income needs.
What will happen to your children if you die? Do you have life insurance to replace your income so your dependants can continue with their schooling? When you buy life insurance you sign a contract with an insurer, where the insurer agrees to pay out a set amount of money when you die. The amount of death cover you need must be based on your dependants’ needs. Our qualified financial planners will assist you to determine the amount of death cover you need.
Disability & Dread Disease
You never know what tomorrow will bring, but you can make sure you are prepared for the worst. And in doing so, you safeguard yourself and your family from unwanted financial pressures in difficult times. Disability and dread disease cover replaces your income and covers expected medical costs as a result of you being disabled or contracting a dread disease. Unlike death cover, disability and dread disease cover is based on the life assured and not the dependants. Our financial planners are ready to assist you determine the amount of disability and dread disease cover you should have.
Protect your Income
Income protection ensures that you do not have a shortfall in cash flow if you are unable to work due to an injury, illness or disability. It is especially important to protect your income if you have others that depend on you.
Cover for severe Illness
Consider the cost of being absent from work during recovery, being cared for at home while ill, modifying your lifestyle and your home, and even early retirement due to ill health. Are you financially prepared for the possibility of becoming severely ill?
Risk protection for your child’s education
attooh! Financial advisor can guide you as to which product to choose from to provide for your children’s education if you became severely ill or disabled, or died. Make sure that your children’s education costs are covered, both locally and internationally, and secure a bright future for them.