Life Insurance Quotes South Africa
For life insurance quotes South Africa need look no further than the internet. Right here on this page you can request a quote. We will get back to you with all the information you need.
Here are some pointers to help you pick the right life insurance quotes iin South Africa:
- Know the difference between a quotation site and an insurance company website. The first are sites like Hippo and Dial Direct which provide you with a number of quotes from different insurance companies so you can compare and choose quotes. Corporate insurance sites are those managed by the individual insurance houses such as Santam and Outsurance. You will only get quotes for their companies there, obviously.
More Pointers
- It is often difficult to compare life insurance quotes if you get them from various insurance companies. You should consider getting a broker to help you sort the wheat from the chaff. Or you
can get a comparative insurance quote online. It’s a good way to start investigating the choices available to you. - Whole life cover insures your life until its end. The essence of whole life insurance is that the insured person will not be around to enjoy it. This kind of insurance is therefore suitable for people who want to make sure that their estate will be able to pay their debts. Also they want to ensure income for their dependents in the event of their death. Breadwinners should take out whole life cover.
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- Term cover insures a life for a certain period, such as twenty years, for instance. It is good for people who want limited cover. For instance, the cover might end when a mortgage has been paid or when the children leave college or university to go into the wide world. Bear in mind, though, that term cover is more expensive that whole life cover.
- When you have core life cover you should add disability cover as well as chronic illness insurance and loss of earnings cover. You can even buy really expensive insurance to ensure that your children’s education will be paid for in full should you die. Discovery Life pioneered this insurance. The cover they offer is so good that your children could even study overseas if you died and they were accepted at overseas universities.
More Pointers
- Once you have a policy in your hand and it is current you should three things with it.
- Firstly, keep the policy documents in a safe place.
- Secondly, tell your dependents where the policy documents are so they don’t have to hunt for them in the event of your death
- Thirdly, review the policy closely every years when you receive your anniversary notification or when you have a change of circumstances such as selling an asset, divorcing or having another child. People’s requirements change over time and your life insurance should reflect those changes.
Click here to get life insurance quotes South Africa
All info was correct at time of publishing