If you are getting married, buying a home or about to start a family – your life cover is on us this year
Financial planning is not just about retirement or building wealth – it is about protecting that wealth. Which is why any good financial plan starts with sufficient risk cover.
While the financial challenges of becoming a parent, buying a home or paying for a wedding, are top of mind, we often forget that these events can also affect our need for risk cover.
Who will pay the mortgage if I become ill? Will my spouse have to sell the house to meet the payments? Will my new-born’s education be secure if something happens to me?
A person’s entire wealth can be wiped out with one unpredicted event. A family can be left financially destitute with the death of a breadwinner, even more so if a disability prevents the breadwinner from earning an income.
If you are entering a new stage of your life such as getting married, starting a family or buying a home, it is important to have sufficient cover to protect your finances. Liberty is offering free life cover to anyone embarking on a new life stage. To qualify for free life cover of R25 000 for a year, all you have to do is show that you fall within one of these three groups of people:
- Newlyweds
- First-time homeowners
- First-time parents
The registration process does not require health screening and you can apply online at http://FreeCover.liberty.co.za
|
Did you know? A healthy non-smoker, aged 32, who is about to become a father could take out R2 million worth of life cover for just R270 a month. If he were to pass away this money would be immediately available to his family. In comparison, it would take more than 40 years for a monthly investment of R270, growing at 10% per annum, to deliver a return of R2 million. |