Being spoilt for choice can have its perks and its drawbacks. With so many options when it comes to choosing life cover that will protect your loved one's financial security, things can get brain-numbing.
If you are looking for a way to protect yours and your loved one's financial security as a new year's resolution, we have a handy list to get you started.
Your biggest asset is not your job, car, or home. It is your life. Having life cover in place is seen as a grudge purchase, but once you delve deeper, you will soon realise that it is a financial safety net that can protect you and your loved ones from the inevitable.
Life cover offers you financial protection against terminal illness, funeral cover, adding loved ones under your cover, paying off of any debt that you may have accumulated, the upkeep of your loved one's lifestyle, and educational expenses. With cover up to R5 million for as little as R149 to ensure that your loved ones don't have to stress over finances when they are faced with a death or terminal illness.
For parents to be
Having a baby means there will be a lot of things that will change in your life. The paramount of these is to ensure that your child is covered financially for any need that will arise.
Having a cover such as MiLittleLife birth benefit can help expectant mothers to protect their baby's future financially. The benefit is that you won't have to worry about finances when you are faced with severe childbirth complications.
Saving up for a home or car?
Between applying for loans, looking for the perfect home or wheels, and meeting up with an array of agents to seal the deal, it is a huge step. Once you have your hands on your new wheels or step into your new home, you would want to protect your baby. Not having the appropriate insurance to cover you can have you facing major out of pocket expenses. Carefully read the terms and conditions that come with having your insurance before signing the dotted line. This will save you a lot of confusion and disappointment when it comes to the claim stage.
Upping your game when it comes to fitness?
As you solemnly swear to uphold your new year resolution of exercising more this year, stretching your body further than it has ever been, and taking on more competitions, it pays to train your finances for some of the injuries that can occur during this time.
Whether you are a fitness boffin or a beginner that is getting into the hang of CrossFit, having a cover such as MiFitLife is one of the ways you can protect yourself financially when faced with an injury that puts you out of action in the field and at work. After all, recovering with peace of mind is priceless.