The Importance of Buying a Life Cover Policy in South Africa
February 9, 2017
For every person, the circle of life begins at birth and ends with death. It is a universal truth and law of life that no one can deny or bargain with. Here we have a look at buying a life cover policy in South Africa.
The only thing that people can bargain with is how ready they are when the inevitable happens. What is even more important is for each to take stock of the impact that his/her passing away may have on his/her family.
A lot of people are dying in South Africa due to several reasons. Although there may be systems in place to combat the deaths, there is so much that human beings can do. People cannot fight nature and win.
It becomes logical that when people are still alive, they must have life insurance policies while they are still alive because of several reasons.
Provide for dependents even when one is gone
There is no guarantee that a person knows when they will die. When people leave this world and pass on to the next, they do so without any warning or signal lights.
There are a lot of people that depend on their parents, guardians or anyone close them. It means that when the breadwinner is gone, their source of income is gone too.
It’s a traumatic and horrifying experience especially if the breadwinner dies unexpectedly.
That is where the importance of being a life insurance policyholder comes into play. When a person takes out a life insurance policy, he/she makes life easier for his/her dependents when he/she dies.
With life insurance money, the dependents can continue to survive and depend on their breadwinner as they did when he/she was still alive.
A life insurance policy is the greatest gift that a breadwinner can give to his/her dependents.
A source of inheritance – Buying A Life Cover Policy
When one passes away, life insurance can be used to benefit beneficiaries named by the policyholder. The heirs can use the money for several things including paying for school fees, starting a business or making investments.
Funeral expenses – Buying A Life Cover Policy
There is no doubt that when a person dies, he/she deserves a decent and proper burial. Knowing that death can strike at any time even when one is not ready. Life insurance money can come in handy in giving someone a proper final send-off.
Giving to charities is one of the most important things that a person can do. A person can name a charity to be a beneficiary of his/her life insurance money.
Cement a person’s legacy
In most cases, when a person dies, their legacy dies too. A life insurance policy ensures the opposite. When a person leaves his/her dependents with money to carry on with their life, you won’t easily forget the person’s name.
A person will continue to live in his/her family’s hearts and pockets even when he/she is dead.
If a person can afford to buy a life insurance policy, he/she must do so while there is still in time. The life insurance money will go a long way in a beneficiary’s life!
To get a FREE life insurance quote, complete the form on this page and click on the “Get a Quote” button.
All info was correct at time of publishing