Submitted by: Santiago Demery

We are all conscious of how unpredictable the actual world which all of us live in could be. Accidents happen as well as destroy lives on a daily basis. This is why it is so important to make sure that you have the right kind of life and other personal insurance policies in position as early on in your lifetime as possible.

There are a lot of insurance companies out there and they all have different guidelines to offer you. Choosing the right one can make life really complicated. In an attempt to make your existence a little easier, here is a look at exactly what Clientele Life can offer an individual.

Clientele has two options to offer you in terms of life insurance. There is the premium life cover plan and the lasting dignity plan.

The actual premium life insurance plan will cover you up to R5 million for rates which start at R200 per month. All that you need to do to get this particular cover is apply. You don’t have to undergo possibly costly medical exams or anything like that. The only thing that Clientele will need is an HIV test that they will have one of their nurses administer anytime you like. You can also add critical illness cover to your life insurance coverage and disability cover. If you’re good about paying your own premiums and do not make certain claims, which are outlined within your policy documents, then you’ll get cash back once you have paid sixty premiums.

The lasting dignity cash back plan is also a life insurance policy which will provide you with cover of up to R200 000. The actual premiums begin at R100 per month. There are no medical examinations involved, not even an HIV test. However, you aren’t covered for any pre-existing conditions. You would need to make special provision for all those with Clientele in a separate policy. Each and every lasting dignity plan comes with free accidental cover though that truly enhances the value of the insurance policy. You are additionally entitled to a 75% payment if you are diagnosed with a terminal sickness that meets Clientele’s conditions. This can really help to pay for all the medical bills that an illness such as this can accumulate.

You will have to weight up the advantages and expenses associated with both forms of cover before you make a decision. It is likely that, if you are a older individual who does not have much debt or even many financial obligations, the actual lasting dignity plan will be the one that suits you best. If you have lots of financial debt or have people who rely on you for their daily bread then the premium life cover will be the better option. If you’re not sure what to do, then it is better to get advice from a financial advisor who is qualified to do an analysis of the financial situation and make a recommendation in relation to how much life insurance you’ll need and just 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

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