Life Assurance terms for dummies explained and a reference for the rest of us.

What types of life assurance are there? The word assurance is a promise to “make sure” or “insure”.

So Life assurance makes a promise to insure a life.

Today, getting life insurance quotes is easy with the use of the web. By going on the internet, you spend less time on the phone.

You now spend more time looking for exactly the type of insurance you want.

Search engines bring up a host of sites that you can check out to get quotes.  It’s so much easier to go to a website, take your time, and read the relevant information.

Who wants to listen to someone explaining it to you over the phone? Also, emailed quotes are far quicker. To get a life insurance quote, please fill out the form on this page.

The types of life assurance vary from one insurer to the next

Types of life assurance

To make things a little easier for you, here are some of the words you’ll come across in a policy. Also, some types of cover you can expect to find when looking at your first life quote.

Before we go through those, let’s first answer the question “What is life insurance and why is it necessary”?

Life insurance is an investment for the future. You pay a monthly premium which gets invested by the insurer. When you die, a cash amount gets paid to your family. The money helps your family with daily expenses and maintaining their lifestyle.

Types of life assurance terms

Nominate – When you choose someone within the policy
Beneficiary – The person you choose to receive the life insurance
To Cede – When you sign over your rights to a third party
Premiums – The amount you pay monthly towards your policy
Main member – The insured person
Primary beneficiary – The person you nominate as the first beneficiary
Secondary beneficiary – The persons you decide on following the primary beneficiary

Types of life insurance

  • Whole Life Insurance – Insures you for your entire life span up to the age of 100.
  • Term Insurance – Covers you for a set period usually when paying off your house. This ensures payment of your bond in full, even when unemployed or die.
  • Salary Protection Insurance – In the event of losing your job due to retrenchment or disability, you receive a percentage of your monthly salary.
  • Disability Insurance – Insures you in the event of disablement with a cash amount and unemployable.
  • Funeral Insurance – Pays a cash amount to your family to help pay for the funeral costs in the event of your death.
  • HIV life cover – Ensures that your family receive cash if you are HIV positive and you pass away.


Request a life insurance quote on this page. Complete and submit the form right now.


All info was correct at time of publishing