Life Insurance Policies In South Africa

Where can you get life policies?

Basically anywhere in South Africa is firms that provide life insurance policies to people like for instance ABSA, Momentum and so many more. Some are more expensive than the other, but if you look for quotes, you can compare them and choose the one with the most benefits for less.

Thus, you will get a policy in South Africa that suits your needs and pocket.

What type of policies is there?

 

There are basically two types of life insurance policies, namely:

• Term life insurance:

This type of life insurance cover a certain period of time. For instance, you take out a term life insurance for 5 years, after 5 years this policy would pay out or you can increase the time again.

• Whole life insurance:

This type of policy covers your whole life up to the age of 65 years old. Then it would pay out or it would pay out when something within this terms happens to you.

It is important to have life insurance in South Africa?

Yes, it is. The simplest reason is that anything can happen to you anywhere in South Africa and you want to be prepared for your family. So, get a South African life policy or lewenspolis in Afrikaans today!