For most South Africans, life insurance is not one of those things on top of our “to-get lists”. When one finally comes to a decision to get life insurance, one way or another it ends up being such a hassle that in the end it doesn’t even seems worth all the effort anymore.
Here at LifeQuote we know the drill, we know that you are here to get one thing and one thing only – life insurance. That is why we try to make it as effortless as possible for you to get the life insurance policy that suits your lifestyle the best. Life insurance is important- very important, and it will save your family a lot of drama the day you are not there to provide for them anymore. So dont waste anymore time, get it now – don’t put it on your “to-do list” for another day.
What We Do:
Here at LifeQuote, we have a lot of very experienced agents ready to help you get the best life insurance policy for yourself and also your chosen beneficiary. All we need is a few personal details, wherafter we send our agent to do the hard work fore you. They will go to the top life insurers in South Africa and compare the policies that best suit your personal needs. They’ll compare the monthly premiums and call you back when they discover the best premiums for you. This of course, is done free of charge, for you, our customer. No need to worry, there is no obligation from your side – if it happens that our agent calls you back with quotes and you want to look further – go ahead.
Here at LifeQuote we are here to help you, not to talk you into buying a strange life insurance policy you have never heard of before. So rest assured – and please, if you have any questions, go to the contact us page and ask your questions. We will try to respond as promply as possible and answer all of your questions as thoroughly as we can.
How To Get Quotes
Life Insurance Explained
According to Wikipedia:
Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary sum of money (the “benefits”) upon the death of the insured person.
Life insurance refers to a type of insurance the person being insured pays a premium for a period of time, or for the whole of his or her life, and in returns, the insuring company offers insurance cover against his or her life. For instance, if the insured person dies, the insurance company pays a certain amount according to the agreement of the policy. This is actually one of the most crucial insurance policies than an individual can purchase in his or her lifetime. It is actually a part of the financial planning that every person should consider.
There are four parties involved in life insurance policies. They are the policyholder, the insurer, the insured, and the beneficially. The person who is purchasing the policy is the policy holder, the insurer is the life insurance company, and the insured is the person whose life has been provided with a life cover by the insurance company. The beneficiary is the person who ultimately gets the compensation from the insurer upon the death of the insured. This kind of insurance policy ensures that the family members do not surfer after their beloved one, who in most cases was the bread winner dies.
Life insurance has become popular in most countries, and South Africa as not been left out. So, if you live in South Africa and you dont have a life cover, you can get one in one of the leading insurance companies in South Africa. Life insurance in South Africa has proofed to be the best way of planning your finance for the future.
Types Of Life Insurance Policies
Term life insurance policy: This type of policy provides the insured person with a life cover or protection for a particular period of time that have been pre-set. This period may be one or more years. It requires that the premium is paid throughout the entire period, and the benefits are due at the end of the period.
Whole life insurance policy: This insurance policy provides benefits for the entire life. The insured continues to pay the premium as long as he or she is alive. Upon the death of the insured, the beneficiaries are compensated.
Universal life insurance policy: This type of policy provides the insured with a variation of the standard whole life insurance policy. The values of the benefits, cash value, grow at a variable rate.
Cash value life insurance policy: This is a policy that is designed to provide the insured with various options. Sometimes the premium is made flexible while in other cases its fixed. The benefit may increase or remain level, and it will increase in value over time.
Life Insurance 101 Video
Life Insurance Quotes
The pricing of the Life insurance policies vary from one company to the other. It is, therefore, advisable to go through several life insurance quotes before settling for a policy from a particular insurer. This is because you might end up paying a lot of cash for services you could have purchased at a much cheaper price. So, take you time to evaluate life insurance quotes from various life insurance companies in South Africa, or from any other country you are residing in.
Remember that the number of applications you submit plays a significant role in determining whether you get a good life insurance quote or not. The more quotes you come across, the more information you acquire concerning the general pricing of the life insurance policies. This provides you with information which will aid in decision making.
Why you should compare life insurance quotes
The main reason for comparing life insurance quotes from various companies is to help you get the best policy at the cheapest price possible. This will not only help in getting the cheapest policy, but also a good deal that suits the insured’s particular need. As such, this is the best thing you must do in order to get full satisfactions from the life insurance.
Where you can you find life insurance quotes
You can get life insurance quotes from an insurance agent, by visiting them in their offices. However, the advent of internet has made the task of obtaining insurance quotes very simple. It’s now possible to get life insurance quotes over the internet. There are websites which specializes in providing life insurance quotes, like this one. All you have to do is to complete your details in the fields provided on the top of this page.
Tips to get the best deals
- The first thing you need to do is to decide how much coverage is required to safely cover your family.
- Decide the amount you will be able to pay without straining your income
- Research for the best type of life insurance policy best suits you
- Compare as much life insurance quotes as possible