Risk cover protects you, your family and your dependants’ financial security in the event of your death, disability or critical illness.
Protect your most valuable asset – your income. With it you are able to provide for yourself, your family and dependants. Consider what would happen if you were no longer here to provide for them.
Life Insurance available through IGrow Wealth Management.
Ask yourself this: is there anyone other than you who is dependent on your income or salary? If your answer is yes, then you need life insurance. Should anything happen to you, your salary stops being paid. Think about the impact that would have on your family. How would they cope with regular monthly expenses such as bond and car repayments, groceries, school fees and medical aid?
Your life insurance policy will pay out a sum of money to your nominated beneficiaries after your death. This money can be used to settle debt and maintain their standard of living.
Life cover provides your family or nominated beneficiaries with a lump sum of money after your death. They can use this lump sum in whatever way they choose. If the policy is ceded as security to your mortgage provider, it is used to pay off some or all of your outstanding mortgage amount. You decide how long you want this cover for (a set period, or until your death) and how much you would like the lump sum payment to be.
Disability cover pays you a lump sum amount if you become permanently disabled and are unable to work. You can use the lump sum payment to help you cover your living expenses and to pay off outstanding debts. You decide how much you would like the lump sum to be and how long you want to be covered. However, cover ceases at retirement (in most cases at age 65)
Supply us with your supporting documents and we will assess your income and expenses before submitting your application to the banks.
We will negotiate with the banks on your behalf to get you the best deal we can. We’ll then present all the quotes and approvals in principle to you.
We will help you to choose the best offer for you. Once you’ve accepted an offer, we’ll take it from there, and you can relax in the knowledge that your financing is secured.
Your ability to earn an income and take care of your family and dependants can also be affected should you become disabled, fall ill or get retrenched. For more comprehensive insurance cover consider these options – disability cover, severe illness cover and retrenchment cover – at the same time as your life insurance.
The IGrow Group of Companies has positioned itself as the top service provider and investment property for sale company in South Africa, having assisted over 220 000 investors in building wealth through property. We are committed to educating, advising and guiding our investors every step of the way and our HelloPeter reviews showcase the results and service excellence we provide to our clients.
We invite you for a life-changing, free, one-on-one property investment consultation. We will discuss your financial future and how you can leverage other people’s money, time, effort and experience to work for you when building your buy-to-let property portfolio.
