Life.Insurance123.co.za Estimates That Only 1 In 20 South Africans Has Life Insurance
Mendham, NJ 10/09 - Life.Insurance123.co.za has recently estimated that only about 1 in 20 South Africans has any sort of life insurance. This figure is truly a topic of concern because of the increasing cost of funeral services as well as the number of debts that families have to take over in addition to their own when someone passes unexpectedly.
Life insurance not only provides for the cost of a funeral, it provides some financial security for the family that is left behind. In addition, if one opts for whole life insurance, it can actually build in cash value until it reaches maturity. At that point, the policy’s dividends are sufficient to pay the premiums and there is no more cash outlay to keep the policy in force. It is also an asset that one can borrow money against if there is need.
Term life insurance policies do not grow in value the way whole life policies do. Instead, they are in force for a set length of time (the term) and pay out their full face value if the policy holder dies during that term.
For information about acquiring life insurance at affordable rates, visit http://www.Life.Insurance123.co.za.
Members of the press may obtain more information about this topic by contacting:
Justin Harrison Marketing
+1 (973) 552-4571
Mendham, New Jersey, USA
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