Find Affordable Life Insurance in South Africa
December 23, 2016
Everybody wants affordable life insurance which will also be able to provide a proper amount of cover.
If you want to find affordable life insurance in South Africa, you must do research. You also need to shop around for life insurance every other year to ensure you’re always getting the best deal. The reason for this is that you may well be able to replace your old term coverage with more affordable coverage.
Life insurance companies know the industry well, and they know their clients well too. The best policy is, to be honest always.
Most people want affordable life insurance without compromising on cover. To achieve this, you need to –
Compare multiple quotes. There are life insurance comparison experts who have done this already. Making it easy to match the best life insurance to your specific budget and lifestyle.
There are some things you can do to make sure you spend less on life insurance –
- Stop smoking – when you do the research, you will find that just being a smoker can raise your premiums by as much as 50% in some instances.
- Apply for cover when you’re young. It’s because you’re healthier with fewer conditions that can bring about higher premiums.
- There are plenty of companies offering life insurance. So it is best to compare policies so as to get the best rates, but possibly with additional benefits.
- Buying a policy through a qualified, experienced and reputable insurance adviser can lower the costs of life insurance. With their knowledge, they can guide you to picking the best policy by tailoring one to suit your specific needs
Just remember that cheaper policies with lower premiums won’t include extra cover options that you get with the more expensive policies. Life insurance is a protective measure to cover the risk of unpredictable events.
For Affordable Life Insurance, buy Term Life Insurance
Policies are fairly cheap and pay out a tax-free death benefit to your beneficiaries when you die. Whole life insurance promises a return on the part of your insurance premiums. Paying a death benefit as well as an investment return on the part of your premium. For most people, this isn’t the best purchase. The reason is that the cost of cash value life insurance is many times higher than term insurance. For affordability, you’re better off buying term life insurance.
Term life insurance is cheaper than whole life insurance because your beneficiaries get a settlement if you die during the duration of the life insurance. If you die after the end of the phrase, you have to look for another life insurance quote.
What life insurance is best for you? The information you need about life insurance is just a click away when you buy online.
LifeQuote makes getting life insurance so easy. They have experienced agents who will help you get the best policy for yourself free of charge. You are under no obligation to go ahead with the quote if you don’t want to.
For a FREE life insurance quote, complete and send the form on this page!
All info was correct at time of publishing