AN INSURANCE POLICY CAN HELP TO KEEP YOU AND YOUR FAMILY FINANCIALLY SECURE

Have you ever thought about what would happen if you could no longer work? What if your family relies on your salary to stay afloat and suddenly you can’t earn anymore? The right insurance policy can protect you and your dependents from the challenges life can throw at you. There are four basic types of insurance policies to help you prepare for the unpredictable future, namely Life Cover, Salary Protection, Disability cover and Serious Illness Cover.

Each of these is aimed at making sure your family’s financial well-being is secure should something unexpected happen. As long as your premiums are up to date, you’ll get the predetermined pay-out related to your serious illness, disability, retrenchment or even death.

Insurance policies offer financial security

When you have dependents, your priorities are likely to be very focused on ensuring their well-being. It is critical to consider the basics that every family needs: your children need to be clothed and fed and they need to get to school safely. You also want to give them every chance to succeed, including sending them on to higher education after school. Whether you are concerned about merely covering the necessities or all the luxuries that you enjoy in life, you need to get an insurance policy that will keep your family protected if you’re unable to.

Offering a diverse range of insurance policies, a reputable insurer can help you plan for a variety of eventualities. You never know when an accident may lead to a permanent disability that can completely stop you from being able to do your job. Nor do you know if you’ll have to leave your job one day due to illness, injury or retrenchment. While these possibilities may seem unlikely, not planning for them can cause you (and your family) unnecessary stress and financial strain. Taking out an insurance policy that covers serious illness, disability or retrenchment, undergoing a compulsory HIV test, and making sure you keep your premiums up to date means that you’ll be protecting yourself and your family.

Ensure you invest in life insurance with affordable premiums too. Dying is never a pleasant topic to talk about and is often avoided, but it’s important to deal with the issue now while you still qualify for cover and, of course, before you actually die. The unfortunate reality is that your family or loved ones may have to face life without you, but a life insurance policy can at least soften the blow financially.

Make sure that you and your family are looked after financially should the need arise. These products can also stand alone to provide varying levels of protection.