How to Assess Your Life Insurance Needs

October 2006

No one wants to put a monetary value on their life. Life is priceless and too valuable for that. But life insurance is a necessity, not only for peace of mind, but as a means of protecting the financial security of your family, and making sure they are safeguarded in the untimely event of your death.

According to Lenerd Louw, CEO of 1Lifedirect, South Africa’s first truly direct life insurer: “The task of choosing a life insurance policy can be confusing and somewhat daunting. There are many options to consider, many policies to decipher, and at the end of the day, every family has different needs and requirements.”

Life Insurance is Crucial for All South Africans

October 2006 The 2005 FinScope survey into financial usage and behaviour in South Africa found that only 13% of people have some form of life insurance. Insurance penetration levels remain extremely low in the LSM 1-5 population and only 4% have formal life assurance cover. Many people claim not to understand life insurance works and give unaffordability…

New Trend Emerges in Life Insurance

October 2006 It has been said that men are traditionally more diligent in ensuring that they had adequate life insurance coverage. Internationally, statistics speak of 64% of American women having no life insurance at all and those that do have a life insurance policy, carry about half the amount of coverage than men do. According…

Alberton Resident Wins a Trip to Space (Well Almost)

October 2006 For Alberton resident, Denise Dale, astronomy and space exploration has always been a passion. So much so that she is currently completing her Masters degree in astronomy. One day she hopes to achieve a PHD in astrophysics and become a researcher at NASA (National Aeronautics and Space Administration). Thanks to the help of…

Direct Life Insurer Sells R5 Billion in Life Cover in Under Five Months

October 2006 In just under five months, 1Lifedirect, South Africa’s first truly direct life insurer, has been able to prove that the direct life insurance channel is a force to be reckoned with. The company has managed to exceed all budgetary expectations and has, since its inception in March 2006, sold R5 billion worth of…

A Sign of the Times?

October 2006 They said it could not be done. They said that life insurance was sold and not bought and said that brokers and life insurance go hand in hand. In just under seven months, South Africa’s first fully direct life insurer – 1Lifedirect – has caused these critics to change their tune. Interim financial…

Shopping for inexpensive Life Insurance

Life insurance premiums can fluctuate extremely with different insurance companies and the most inexpensive policies are likely to be found on the Internet. Premiums will be influenced by your age and your health condition or any health risks associated with you. Insurance companies generally compel you to undertake a medical test to assure that you…

Considering Life Insurance

Life insurance protects your family financially while providing for them and their financial commitments. Decide for yourself if you need it or not. Your decision will be a long-term financial commitment and therefor be a difficult one that needs careful consideration. Nobody knows what the future holds for them and if they will be able…

Life Insurance – Online

Thanks to the Internet, buying life insurance can be done more cost-effectively. Although insurance brokers were used in the past for their knowledge and specialized advice, online life insurance can offer exactly the same policies as the salesman. Except for the fact that premiums are lowered by the great deal of competition due to the…

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