None of us likes to think about the worst happening. That's why it's essential to have life insurance. An excellent policy could easily help cover your home loan and childcare costs. It will also help secure an excellent education for your children while safeguarding your loved ones from inheriting your debts.
The shocking truth about life insurance in 2020 is that less than 60% of South Africans have life insurance. This means that more than 40% of families will be financially devastated if the worst should happen to their breadwinner. This is alarming if you consider that actuarial modelling shows that 380 families in South Africa will loose their breadwinner every day. That means every day, there are 152 families left without the financial protection life insurance offers. Don't get me wrong, not all South Africans need Life Insurance. If you don't have dependents or any outstanding debts, Life Insurance is not necessary, but if you have either, you can't afford not to have.
The reason, according to recent studies, is most people think they have to pay three times more for life insurance than they need to. The reality is, you can find very inexpensive policies if you know where to look.
"I never thought I could afford a good life insurance policy until I checked with iFinancial. I didn't even consider that I might qualify for lower rates, I'm so glad I gave you my details so you could check! Thank you"