By Randy Frisby
All of us are all aware of how unpredictable the actual world which all of us live in can be. Accidents happen as well as destroy lives on a daily basis. This is why it is so important to ensure that you have the right kind of life along with other personal insurance plans in place as early on in your lifetime as possible.
There are plenty of insurance companies out there and they all have different policies to offer you. Choosing the right one can make life really complicated. To try and make your life a little easier, here is a look at exactly what Clientele Life can offer an individual.
Clientele has two choices to offer you in terms of life cover. There is the premium life insurance plan and the lasting dignity plan.
The premium life cover plan will cover you up to R5 million for rates that start at R200 per month. All that you have to do to obtain this cover is actually apply. You do not have to endure potentially expensive medical exams or anything like that. The only thing which Clientele will require is an HIV test which they will have one of their nurses administer at your convenience. You can also add critical illness cover to your life insurance coverage and disability cover. If you are good about paying your own premiums and don’t make certain claims, which are outlined in your policy documents, then you will get cash back once you have paid sixty premiums.
The lasting dignity cash back plan’s also a life insurance coverage which will provide you with cover as high as R200 000. The actual rates start at R100 per month. There aren’t any medical examinations involved, not even an HIV test. Nevertheless, you aren’t covered for any pre-existing problems. You would need to make special provision for those with Clientele in a separate policy. Every lasting dignity plan comes with free accidental cover however that really enhances the value of the insurance policy. You’re also entitled to a 75% payout if you’re diagnosed with a terminal sickness that meets Clientele’s criteria. This will really help to pay all the hospital bills that an illness of this nature can accumulate.
You will need to weight up the benefits and expenses related to both types of cover prior to making a choice. It is likely that, if you are a older individual who doesn’t have much debt or many financial obligations, the lasting dignity plan would be the one which suits you best. If you have lots of debt or have people who rely on you for their daily bread then your premium life cover would be the more sensible choice. If you’re not certain what to do, then it’s better to get advice from a financial advisor who’s qualified to do an analysis of your financial situation and make a recommendation in relation to how much life insurance coverage you’ll need and what other personal insurance policies you should think about before committing to any policy.
For more information on insurance, go to http://www.clientelelifeinsurance.co.za
