Insurance

Empower yourself with the right life cover

Life cover helps to protect you and your loved ones financially against life’s risks such as illness, disability and death. While it cannot prevent these events, it ensures that you and your dependants are cared for financially, offering peace of mind during life’s most difficult times.

A financial adviser can guide you in finding the right cover. Here are five key things to consider and questions to ask:

5 Things to Know Before Choosing Life Cover

Review your cover regularly

Reassess your life cover when your circumstances change – like you starting work – so you can protect your income and future. Ensure you have enough cover to settle debts and support those who rely on you.

Tailored cover to suit your circumstances

Your cover should match your personal needs. Get tailored advice based on your income, dependants and the financial support your family would need if you passed away or become disabled.

Adapt to changes

As your life evolves – your kids move out, or your bond is paid off – make sure your cover still aligns with your stage of life. Also consider what legacy you want to leave behind.

Family history

Consider your health and family history. A background of cancer or heart disease may help determine which products best suit your risks.

Financial setbacks

Life can be unpredictable, so flexibility is key. Ask about future affordability – how costs may change, by how much, and what is needed to maintain your cover.

Empower yourself

Empower yourself by doing your own research to make informed choices for your and your family’s financial future. Then contact your Sanlam financial adviser to have them guide you to find the right solutions for you.