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INSURANCE NEWS AND ANALYSIS
Life Insurance Could Pay Out Up To R5 Million For Your Family
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By Jonathan Swart February 9, 2023
Who will be taking care of your loved ones when you're gone?
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Stangen Life Cover - The Wise Choice
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Frequently Asked Questions:
How does Life Cover work?
It’s simple: after you pass away, the cover amount, likely between R100 000 and R5 million, is paid to the people you choose. Life Cover gives your family the ability to take care of financial commitments during one of the hardest times in life.
What can my family use Life Cover for?
Anything they need it for, including personal or family debts, medical expenses, or school tuition.
How can I get a quote?
It’s easy. Just fill out the form below to receive a free, no-commitment Life Cover quote from Stangen:
It’s never fun to think about what happens after you pass away.
However, when you don’t have a plan in place to ensure your family is cared for, you risk leaving them unable to afford living expenses, childcare costs, or mortgage repayments – or to cover any other debts you leave behind.
In fact, according to actuarial models, 380 families in South Africa lose their providers every single day. 30% of people who die don’t have enough cash to cover their costs and debts, and 40% of families don’t have any form of Life Cover at all.
That means that starting today, at least 152 families will struggle to make ends meet for years to come, be forced to face the challenges of working and raising a family as single parents, or even risk losing their homes and belongings to creditors.
Even a funeral can be expensive. Whether you choose to be buried or cremated, you can expect to spend a minimum of R7 000 – and that’s if you don’t rent a venue, hire a tent, or pay for food and catering. For a full memorial service, your family may need to spend at least R17 000 to R20 000 – if not much more – to properly honor your life.
Moving on and rebuilding after losing a family member is hard enough.
By making a small investment now, you can give your family the financial security to make this difficult transition easier – no matter what happens.
Create a custom Life Cover plan from Stangen to meet your unique needs, including:
• Up to R5 million in financial cover to ensure your loved ones will be able to stay in your home, care for your children, and pay back any necessary debts
• Salary protection, critical illness and disability cover to protect you in the event that you become so sick you cannot work or suffer a life-changing injury
• No waiting period to receive your Life Cover
• No tedious or expensive medical exams before you can purchase your Life Cover
• Accelerated Funeral Benefits, which allows your family to use your Life Cover to pay funeral expenses even before finishing a full claims assessment