
“Revealed: Why Not All Life Insurance Plans Are Equal!”
Like most consumers, you are probably under the impression that life insurance is pretty much the same anywhere. While this may be true in many cases, not all life insurance in South Africa gives you the benefits that you need – many barely give you the full advantage of a premium plan without charging you a fortune, and even more worrying in today’s day and age, many are not accessible to everyone. This is why it is essential to find the life cover that gives you complete peace of mind, with a comprehensive range of products, proactive claims initiative, online policy tracking and the lowest rates in the country.Why would you need to consider life insurance in the first place, you might be wondering? While no-one likes to think of the implications of sudden disability, critical illness or death, the sad reality is that these things can happen to any one of us – regardless of our current age, health or financial status. Being prepared is the only way to ensure that you or your family members get the financial help you need in the event that the unthinkable happens, so that you remain covered at all times.
Here are some of the primary ways that life insurance helps you and your loved ones:
- Pays out to you or your family in the event of death, disability or critical illness
- Instant access to funds to your loved ones in the event of your death
- Provides funeral cover to help your loved ones cover the costs involved
- Gives total peace of mind to you and your family right from the first payment
- Ideal for those who want to provide for their family when they are gone
Choosing the Right Life Cover Product
It can be hard choosing the product that will give you or your loved ones the payouts and benefits they need when you are not there to provide for them, but with a comprehensive product overview and products to suit your exact needs, you will be able to determine the right product and get life insurance quotes quickly and easily.Core products on offer include the following:
- Death Benefit – offers payouts to loved ones in the event of death of the insured policy holder, with a minimum limit of R100, 000 and no maximum limit.
- Disability Benefit – offers a comprehensive combination benefit for insured policy holder and family in the event of injury or disability, with a minimum limit of R100,000 and a maximum limit of R15 million.
- Severe Illness Benefit – offers payouts in a lump sum when the insured policy holder meets requirements of severe illness events, with a minimum limit of R100, 000 and a maximum limit of R3.5 million.
- Funeral Benefit – offers payouts to insured policy holder’s family members in the event of their death, with a limit of R5, 000 – R15, 000.
Take the Guesswork Out of Claim Submission with a Proactive Claims Initiative
To make things ever simpler, you can also enjoy an innovative and proactive claims process that takes all the stress out of submitting a claim. As anyone who has ever had the frustration of spending weeks trying to get a claim process knows, the paperwork and stress involved in submitting even the most straightforward claim can be devastating to say the least. Until now, most insurance companies had a rigid and outdated claims system that made it impossible to track your claim easily. With a proactive claims initiative, you can enjoy the following advantages:- Super quick turn-around time for all claims submitted
- Beneficiary assistance and exceptional customer service
- Claims initiated on policy holder or beneficiaries’ behalf
When looking for a life insurance agent, lean towards an
independent broker over one working for a specific insurance company. A
good independent broker should be able to guide you and give you an
honest opinion about the companies and policies you are interested in.
A good way to ensure that you find the best life insurance policy available is to shop around. Even if you end up purchasing the first policy you looked at, looking at multiple policies still offers you the best options. There are plenty of questions you need to ask about each company. Are they solvent? Take a look at what rating is assigned to their credit file. You will reap no benefits from a policy issued by a shaky enterprise.
It is imperative to buy life insurance from a reputable and established company. Insurance companies are not all alike, and it’s unlikely that they ever will be. Make sure you select a reputable insurance company that has been around for a while when you are choosing whom to give your business to.
Research the company you’re considering buying an insurance policy from to check out their financial stability. Your insurance company should have a rating of A or higher from independent agencies known for the research they do on this subject.
Live a healthy life and keep your body healthy. When shopping around for life insurance, non-tobacco users, who do not have any major health problems, pay much less for their life insurance policies,d than those with health problems or who are tobacco users. Making your health a priority can end up being very cost effective.
Always compare different quotes before choosing a policy. Many companies use different methods to come up with a premium amount. If you have negative elements, such as an addiction to nicotine, you may benefit from researching rates from many different providers.
If you’re married, look into joint-life policies as a possible way to save some money on premiums. This is a way to save money. It’s important, however, that you know that this policy doesn’t have a double payment, and that it will terminate if one party dies.
The benefits of life insurance are wide and varied. Try to think about what coverage you and your family members are going to need. Consider also the additional debt your family might incur in the event of your death.
If you like to live on the wild side by bungee jumping, scuba diving or skydiving, then this may cause your life insurance premiums to increase. There are also certain occupations which could be the cause of these higher quotes. Race car driving or being a helicopter pilot are risky professions, and insurance companies will charge more because of this.
Refrain from exercising immediately before you go to the doctor for an examination for life insurance coverage. This may actually cause higher blood pressure levels, which is bad.
Get your life insurance policy through a financial adviser rather than a broker. In most cases, insurance brokers are paid a commission based on the insurance policy you purchase. The difference is that financial advisers get paid one price. This difference may save you money and get you better coverage, because the broker is not motivated to make a larger sale, and will be more objective.
Online, when entering information for life insurance, be cautious about volunteering any of your personal data. There are a lot of life insurance scams out there, that are only looking to try and steal your identity. You should have to provide your zip code and general demographic information.
Ask complex questions to your broker to see how much they really know about insurance. Make sure to ask about premium guarantees, and ask whether your policy can be renewed or canceled. This is all extremely important information if you are looking for the greatest deal.
One of the most important things in taking out a life insurance policy is ensuring that your policy pays out an adequate amount. Take the time you need to figure out the right amount to cover your family’s expenses. Think about the various expenses in your life, such as mortgage payments, college tuition, taxes and the cost for your spouse to retire, than calculate for inflation. Doing this will give you a good idea of how big a policy you should get.
Before purchasing life insurance, compare all of the policies available to you. While two different policies may both be renewable, one may last longer than the other. You may find multiple policies that provide the coverage you want, but some of them might cost less. It’s critical to do your homework well, so that you can choose the policy optimal for you.
As you have seen in the above tips, there is a lot of knowledge you can acquire before choosing and purchasing a life insurance policy and it’s this knowledge that can help you with your future. Do everything you must to find out what policy is best for your needs.
Copyright – lifeinsurance.org.za
A good way to ensure that you find the best life insurance policy available is to shop around. Even if you end up purchasing the first policy you looked at, looking at multiple policies still offers you the best options. There are plenty of questions you need to ask about each company. Are they solvent? Take a look at what rating is assigned to their credit file. You will reap no benefits from a policy issued by a shaky enterprise.
It is imperative to buy life insurance from a reputable and established company. Insurance companies are not all alike, and it’s unlikely that they ever will be. Make sure you select a reputable insurance company that has been around for a while when you are choosing whom to give your business to.
Research the company you’re considering buying an insurance policy from to check out their financial stability. Your insurance company should have a rating of A or higher from independent agencies known for the research they do on this subject.
Live a healthy life and keep your body healthy. When shopping around for life insurance, non-tobacco users, who do not have any major health problems, pay much less for their life insurance policies,d than those with health problems or who are tobacco users. Making your health a priority can end up being very cost effective.
Always compare different quotes before choosing a policy. Many companies use different methods to come up with a premium amount. If you have negative elements, such as an addiction to nicotine, you may benefit from researching rates from many different providers.
If you’re married, look into joint-life policies as a possible way to save some money on premiums. This is a way to save money. It’s important, however, that you know that this policy doesn’t have a double payment, and that it will terminate if one party dies.
The benefits of life insurance are wide and varied. Try to think about what coverage you and your family members are going to need. Consider also the additional debt your family might incur in the event of your death.
If you like to live on the wild side by bungee jumping, scuba diving or skydiving, then this may cause your life insurance premiums to increase. There are also certain occupations which could be the cause of these higher quotes. Race car driving or being a helicopter pilot are risky professions, and insurance companies will charge more because of this.
Refrain from exercising immediately before you go to the doctor for an examination for life insurance coverage. This may actually cause higher blood pressure levels, which is bad.
Get your life insurance policy through a financial adviser rather than a broker. In most cases, insurance brokers are paid a commission based on the insurance policy you purchase. The difference is that financial advisers get paid one price. This difference may save you money and get you better coverage, because the broker is not motivated to make a larger sale, and will be more objective.
Online, when entering information for life insurance, be cautious about volunteering any of your personal data. There are a lot of life insurance scams out there, that are only looking to try and steal your identity. You should have to provide your zip code and general demographic information.
Ask complex questions to your broker to see how much they really know about insurance. Make sure to ask about premium guarantees, and ask whether your policy can be renewed or canceled. This is all extremely important information if you are looking for the greatest deal.
One of the most important things in taking out a life insurance policy is ensuring that your policy pays out an adequate amount. Take the time you need to figure out the right amount to cover your family’s expenses. Think about the various expenses in your life, such as mortgage payments, college tuition, taxes and the cost for your spouse to retire, than calculate for inflation. Doing this will give you a good idea of how big a policy you should get.
Before purchasing life insurance, compare all of the policies available to you. While two different policies may both be renewable, one may last longer than the other. You may find multiple policies that provide the coverage you want, but some of them might cost less. It’s critical to do your homework well, so that you can choose the policy optimal for you.
As you have seen in the above tips, there is a lot of knowledge you can acquire before choosing and purchasing a life insurance policy and it’s this knowledge that can help you with your future. Do everything you must to find out what policy is best for your needs.
Copyright – lifeinsurance.org.za
0 Kommentare:
Kommentar veröffentlichen