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5 Crucial Factors to Keep in Mind Before Buying an Insurance Plan

At times, people come across a situation where they think that the decision taken was right. Some decisions might concern financial life. Investing a significant portion of the wealth into a company, financial product or in a bank, without having a proper understanding of how does it work is a very common issue. Not to mention, in such cases, the mind is always in a dilemma or uncertainty, and it questions whether the decision was right or not. The level of confusion rises even more in case the investment is based on the long-term insurance product. This post talks about the factors that you should consider before choosing a particular insurance plan. 1.       Investment Based on Needs The standard thumb rule is that the life cover South Africa or taken from any other place should always be ten times the annual income of the person so that the family is secured financially in case of any crisis. It is also crucial to keep it in mind that ...
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Common Myths about Credit Insurance You Should Ignore

The best way of financially securing your life is to invest in the insurance policy. Not only your life but also your business can be financially secured with a specific insurance policy. Credit insurance is a special policy that can cover debt obligations in case the policyholder dies or becomes disabled. Small businesses can get the best benefits from this policy.  When it comes to investing in credit insurance, few people still feel hesitant about whether to proceed further or not. The reason why they think so is that they have some misconceptions about credit insurance South Africa . In the below section, I have discussed some of the common myths and misconceptions about this policy. Please, do check the following section now.           Credit Insurance Is Quite Expensive Those who think that credit insurance is too expensive to apply; are living with a misconception. It is not too expensive as you are thinking. I...

Six Vital Factors Influencing Cost of Income Protection Plan

Among all insurance policies readily available for contributing to your peaceful life, income protection has managed to attain most recognition. It replaces at least 75% of your monthly salary so that you could meet a wide range of requirements such as medical statements, educational loans, electricity bills, groceries, etc. without hassle even when not you are earning due to injury or illness. Now isn’t that absolutely amazing? In this particular write-up, I have chalked down varied factors upon which cost of income protection depends. Please do buy some time and check them out right away.  Age-  According to top-notch providers offering income protection plan in South Africa for an affordable price, older people are generally more prone to getting hurt or sick because unfortunately their bodies are not powerful enough to fight against adversities. This could impact premium to a great extent.  Gender-   Insurers perceive women as someone who would lea...

5 Steps to Keep in Mind when Purchasing Funeral Insurance

When it comes to retirement, almost all modern-day individuals spend time in figuring out the ways to make money till the end of their life but do not necessarily consider exactly how to wrap up each of their affair seamlessly after they die. So, in case you are planning to invest in funeral insurance, let me congratulate you for thinking way ahead and also beyond. Specifically designed for taking care of burial and diverse other final expenses, this particular policy has managed to earn wide recognition all across the globe, especially in South Africa. Well, in the following write-up, I have jotted down five distinct steps to adhere to when purchasing funeral insurance. Readers are requested to buy some time and take a close look at the below-mentioned pointers.  In addition to estimating the total sum required for last rites, a person must also see what other payments he or she needs to handle. Legal costs, medical bills, credit card debts, living charges are to name but a...

3 Best Insurance Policies You Must Choose for Secure Future

Life has always been unpredictable. No one knows what is waiting for him or her in the future. It could be better, or it could be worse. Wise people always think about some backup plans. You can never control certain things in your life, and it is beyond your ability. What you can do is to make proper arrangement of your wealth and stay financially secure. When it comes to financially securing life, nothing is better than to invest in insurance policies. Having a suitable insurance policy is the key to a good and healthy financial life. Today, insurance plans come with various forms. Not all of the plans are suitable for you as your requirements are different from others. This is why you should pick up the most suitable one from which you will get the best benefits.  To know more about the various types of life insurance plans and life insurance quotes South Africa or your preferred location, you may take help from the professional financial service providers. But before t...

Income Protection Plan: Ensuring the Future of Your Family

Have you ever asked yourself, ‘who will look after the family in my absence?’ You would certainly ask about the same if you love your family and the interesting part is that you are the only one to ask this question. It is natural to think about the future of your family & loved ones when you will not be around.  The absence of you and your income will surely affect the stability of your family and this is something very serious. Here comes the importance of income protection plan as it offers regular layouts to help your loved ones to maintain a decent lifestyle.  What is Income Protection? Income protection plan a form of infirmity or sickness insurance that sets a person free from financial worries when he/she no longer is able to earn the livelihood. Considering the kind of modern lifestyle people follow these days, opting for such plans have become extremely important.  The idea is simple where a person needs to pay a monthly premium, based on h...