Life insurance is an absolute necessity. Living without an insurance policy today is really taking a needless chance. It is similar to opting out of a parachute on a skydiving expedition. People who advance the argument that insurance policies are expensive or a rip-off in which only the insurance companies win are only tempting fate in the same way a person who can afford a car with airbags but chooses the one without because it costs less is.
If you have a family which you hold dear, you simply cannot afford not to take life insurance. Death, much as we prefer not to think about it, is an inextricable part of life. Taking this form of cover allows you to plan for that unwanted eventuality, specifically for the sake of the people who you hold dear whom you’ll leave behind. Instead of abandoning your next of kin to financial uncertainty after your death, you can leave them with enough funds to take care of your funeral expenses and continue to live comfortably.
Life assurance therefore only makes sense to the discerning parent. Instead of leaving their dependents in debt, they can set them up for a painless transition which will see them ease naturally into financial independence. There are a wealth of options you can choose from in terms of the life insurance package you settle for. Most insurance firms will readily provide you with free insurance quotes so that you can sign up for a package you can comfortably pay for. You therefore have no excuse to leave your loved ones’ future to chance.
Here are links to information pages about the top life insurance companies in South Africa.