Cover Provided By Life Insurance Policies
"D's" are things that we never like to think about,
much less discuss.
most of us have experienced at least one of them in our personal
lives to date.
one of the challenges we all face during our time on this planet is
to learn how to deal with the unexpected and unwanted that life
throws at us.
is why insurance companies have set up a variety of life insurance
packages to assist your family in times of these unthinkable events.
From having a family member diagnosed with a debilitating disease
like cancer, Alzheimer’s or Parkinson’s, to experiencing someone
close to you become permanently disabled, and worse still, to
experiencing a loved one’s death, whether premature or from natural
causes, we all know the pain and heartache, not to mention the
financial strain that these events can incur.
The last thing on your mind at times like these, then, should be the
question of how you are going to afford all the medical bills,
funeral costs and so on.
insurance, then, is a practical way of preparing for the worst, and
then having secure peace of mind in case, or when, those terrible
D's come to pass in your family.
South African insurance companies all offer a range of
insurance packages tailored to the level of risk you would like to
options to choose from here, then, include Life cover, Disability
cover, Dreaded Disease cover, Functional Impairment cover and
Accident cover, with each package offering the much needed financial
assistance in those specific cases.
understanding that any of these, can occur without warning, either
through an illness or an accident, and that in all of these cases,
these things would more than likely prevent you from working and
generating an income for you and your family, your life insurance
policy can provide you with an adequate payout to see you through
these difficult times.
most insurance companies, this payout takes the form of a lump sum,
awarded to you, or in the case of your death, to your beneficiary,
when your condition has been medically certified.
Hearing this then, and especially in the case of an accident,
disease, or anything that would incur medical costs, someone might
wonder why you would need both life insurance cover in this regard
and a medical aid scheme, because, in the long run, you could ask,
is the medical aid not offering the same thing – financial support?
answer here, though, is simple, for as essential as medical aid
schemes are in assisting you with medical costs, in cases where the
bills are extensive or keep climbing year after year, medical aid
schemes can still leave you with a hefty chunk to pay yourselves.
Also, as their name implies,
medical aid schemes only cater for
medical expenses and can generally offer no assistance with income
when the bills have been paid and you are still unable to work due
to disability or functional impairment. That is where your life
insurance policy can come in to alleviate that extra burden of cost.
Credit Life Insurance
Life insurance companies