Life Cover is there to provide your family with cash on your death. This cash replaces your income and can help your family to maintain the household's financial obligations - like paying the bond, car, education and living expenses. To appreciate the need for life cover one needs to ask the following question: If you died today, would your loved ones cope financially?
Would they be able to pay for your final expenses like funeral costs, medical bills, taxes, debt, legal fees and etc?
Would they be able to continue with their lifestyles and survive without your income?
It's always hard to loose someone you love. But your loved ones don't deserve to be left financially burdened by your loss. Life Cover insures that your loved ones are left cared for if you should die.
Life Insurance covers the risk of dying and the financial impact this event will have on your surviving family.
