Life Insurance
Why Should I Buy Life Insurance?
- It offers protection against risk and loss of life.
- Provides benefits in the event of disability and death.
- It provides an income to help your family maintain their standard of living.
- It can be used as collateral.
- It provides a form of savings.
- Adds value to your estate or assets.
- To cater for funeral and other expenses
How much life insurance do I need?
How much life insurance do I need?
This is based on your:
- Income
- Expenses
- Your age
- Your health status
- Family- age of family members, dependence on your income
- Debts
- Goals
Group Creditor Life Insurance
Group Creditor Life Insurance
DON’TIS IT FOR YOUTHE SAME MISTAKE TWICE
The purpose of a Creditor Life Insurance programme is to reduce or extinguish the debt to the creditor. It is an insurance that covers the debts of financial institutions and financial companies including hire purchase companies.
BENEFITS OF THE PLAN
- The debt of each borrower is insured and paid off in the event of death.
- Disability – If the borrower becomes disabled the loan is paid.
- Default – It covers all delinquent loans from borrowers.
To do a quotation on the insurance programme a creditor life questionnaire would have to be completed.