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Life Insurance Plans
While all life insurance plans pay out in the event of the policyholder’s death, they differ in terms of duration, cost, payout structure and so on. Life insurance plans differ to suit the needs of the insured. While all life insurance companies offer their own products, they fall within the following categories. Whole life insurance [...]
Continue reading...What types of life cover policies are there?
7. February 2012
Like most types of insurance, there exist life cover policies for every long-term peril that an insurable individual is likely (or even unlikely for that matter) to face. These life insurance policies range from life cover, to disability, dread disease, credit shortfall, hospital cover and others. Life insurance policies for life If the policy is [...]
Continue reading...Group Life Insurance
1. February 2012
As the name suggests, group life insurance covers a group of individuals for long-term perils, namely death, disability and dread disease. It is a single policy which covers multiple members and is usually taken out by a company, on behalf of its employees. Instead of determining each individuals risk to the life insurance company to [...]
Continue reading...HIV Life Insurance
31. January 2012
Contrary to popular belief, HIV life insurance exists, but policyholders might have to pay a higher premium. The same goes for anyone with high blood pressure, diabetes or high cholesterol. Life insurance companies determine their risk of paying out a claim by determining how healthy an individual is. The healthier they are, the less of [...]
Continue reading...Car life insurance
22. December 2011
What is car life insurance? It’s a combination of life and car insurance, which pays out in the event of death or personal injury in the event of a car accident. This is usually a benefit of a car insurance policy instead of a standalone policy, although car accident insurance policies exist for just such [...]
Continue reading...Types of life cover policies in South Africa
1. December 2011
To offer life cover policies direct to the public, direct life assurers had to simplify long-term insurance. This means cutting out annuities, investment portfolios and cash values to provide a product that functions like short-term insurance. When getting quotes from direct insurers, it may seem as though only one type of life cover policy exists, [...]
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14. February 2012
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