Circumstances change all the time, sometimes for the worse. With the right cover, you can protect your family financially. Even if you aren’t your family’s primary breadwinner, falling seriously ill, becoming disabled or dying will cause their lifestyle to be affected. Obtaining critical illness cover from a reputable insurer will allow you to rest easy knowing that you and your family will be looked after financially should something happen to you.
Your financial security should be your insurer’s priority. Here are a few examples of cover that you should obtain to ensure a brighter future for your family that is free from financial struggle.
Life cover policies protect your family and loved ones financially when you die. Death is an eventuality that you probably don’t want to think about and without proper insurance, you could end up leaving your family under both emotional and financial strain. A reputable insurer will pay out a cash lump sum to your chosen beneficiaries when you die. This will at least help them to stay afloat financially through this difficult time.
Pays out a lump sum should you become disabled and are unable to work in your current position or a position for which you are trained, educated or experienced.
If you’re diagnosed with cancer, a stroke, a heart attack, or undergo open-heart surgery you can rest assured that the costs of this will be covered depending on your personal policy. Your policy is not intended to replace your medical aid, but rather to assist you financially while you come to terms with your new situation.
This option offers a way to ensure that life can keep moving forward even if you’re unable to work. This policy provides financial security by paying you a pre-determined amount (up to 75% of your salary) every month up to the age of 65 if you’re permanently unable to work as a result of illness or
injury. This means that you can stay on top of your expenses while you recover or look for a new job that you can do with your disability.
Receive a pay out of up to R5, 000 per day if you’re in hospital for more than three consecutive nights. You can spend this money however you want, which means that your stay in hospital can be comfortable and relatively stress free.
Your insurance provider should take your financial security seriously and offer insurance products that are designed to help protect you and your family financially against the accidents and challenges that life can throw your way.
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