Would you like to live and work in South Africa? Are you considering migrating to South Africa? Does the idea of living with your family in South Africa appeal to you? If you answered “yes” to these questions, then it is going to be worth your while to learn more life insurance in South Africa.
What is life insurance?
Life insurance in South Africa refers to life cover, which is a means of ensuring that your family and loved ones are financially secure in the event of a disability or death.
Is life insurance in South Africa important for foreigners?
The answer is “yes”, life insurance in South Africa is extremely important for foreigners. Living in a different environment, in a new country can bring along all sorts of prospective dangers. Although these dangers are simply risk factors and may never happen to you, it is always a good idea to ensure that your family is protected in an emergency.
How does life insurance in South Africa work?
In South Africa, life insurance works by paying a monthly amount to an insurer, which is known as a premium. The amount which you pay will depend on various factors such as how much coverage and benefits you want.
In the event that your life ends, your insurer will pay out a set amount of money to either a person or an entity that you have chosen. The person who will receive this sum of money is known as a beneficiary.
How do I go about choosing an insurer?
The truth is that you will have many options to choose from. It is going to be best to do your homework properly before making a final decision. It is always best to look out for an insurer who has a proven record of quality service.
This is not something you should take lightly. It is going to be worth your time and effort doing intensive comparisons before making your ultimate decision.
I would like more information about life insurance in South Africa
If you would like to find out more about life insurance in South Africa, the options available to you or anything immigration related, then please do not hesitate to get in touch with us.
You can reach one of our Cape Town agents at +27 (0) 21 424 2460. If you’re in Johannesburg, give our office a call on +27 (0) 11 234 4275. Alternatively if you prefer for us to call you, then all you need do is request a call back. It is as simple as that.