Baby on the Way? How to Beat Budget Blues

Ask someone whose got kids for advice, and most likely you’ll hear: “Your life will never be the same again.” But that statement is almost always quickly followed by: “But it’s so worth it!” If you’re having your first child and up until now, haven’t had to provide for anyone but yourself, there will be […]

The Story of a Start-up

Since the 12th of March 2015, when we officially introduced Different Life to the world, we’ve partnered with Different Life clients and facilitated donations of over R8,71 million to NGOs on the Different.org crowdfunding platform. 100% of this has gone to the NGOs, and we’ve covered the transaction fees. As our name implies, we’re all […]

What is an accelerated funeral benefit?

It may come as a surprise, but a life insurance claim can often take up to a few months to pay out. So what about the funeral costs? Well, you could take a funeral plan, or if offered by the insurer you could get an accelerated funeral benefit as an add-on to your life policy. The accelerated […]

Buying an underwritten policy? Answer all questions honestly and accurately. 

When buying a life insurance policy it is very important to answer all questions honestly and accurately. Why? An underwritten policy is priced according to your individual risk – hence all the questions. Not answering honestly and accurately could lead to something insurers call ‘non-disclosure’, and that could mean a policy doesn’t pay out when it […]

So who needs life insurance: well ask yourself this ?

If I were to die how would my dependants survive without my income? What would happen to bond or rent payments, vehicle installments or school fees? If you don’t easily know the answer to any of these questions then you most probably need life insurance. Maybe you don’t have dependents but still have bills that […]

A Funeral Policy vs Life Insurance

A funeral policy is designed to pay out a quick amount of cash to cover the costs associated with a funeral. Life cover offers much higher payouts but doesn’t necessarily have the promise to pay-out as quickly. So how do you get the best of both worlds? With a Different Life policy, you can ad […]

Why does my premium increase when my cover doesn’t. 

Many insurance policies have an increasing premium even though the cover amount doesn’t change. Life insurance also gets more expensive as you get older; why would this be the case? Each year we get older and unfortunately for all of us that means we become more likely to die, even if only a little bit. […]

What is a waiting period and why should you care? 

A waiting period is an amount of time where you pay a premium but don’t yet have full cover. This is usually done to prevent people from buying a life insurance product when they suspect they might already be ill. Another way to deal with this risk is for the insurer to assess it through […]

So what is underwriting anyway?

We think you should understand what you buy. So what is underwriting anyway? Perhaps the best way to answer that is to consider the following… Two people are looking to buy a R1 million’s life insurance. The insurance company offers each of them the cover at R500 a month One person is in perfect health, […]

Harnessing Annuity Income for Greater Good

Any entrepreneur will tell you that what you are looking for is an annuity business, something that makes money while you sleep (or play golf). I have been an entrepreneur all my adult life and I have had countless lunches and coffees where fellow entrepreneurs get together and discuss their next great idea, the one […]

When a Policy won’t pay out?

Worried whether Different Life will ‘Um and Ah’ with your claim? This is always a sticky question. Ask any insurer: The number one cause of claims being rejected is because of non-disclosure. Non-disclosure is when you fail to tell the whole truth when applying for cover. At Different Life we’re trying our best to play […]

4 Critical reasons for why you should keep reading

Besides – old age, car accident and murder – what would the most likely cause of my death be? This was the question we asked when deciding on what we wanted from our Critical Illness Cover. Crack open any comprehensive critical illness policy wording and you’ll find a ton of diseases covered – everything from […]

How to buy Life Insurance in 20 minutes flat

You’re probably not going to believe what we’re going to say next… At Different Life we think our life insurance platform is the best thing since sliced cheese. The problem is – you might not agree. So what better way is there to test, than to see how long it takes someone to come out […]

Why we charge for our Accelerated Funeral Benefit

So you’re in two minds about buying life insurance You’re on a tight budget at the moment. You’ve basically got R200 a month which you can spend on insurance, and right now you have to decide between life insurance and funeral cover. Yes, life insurance is definitely more value for money, but that doesn’t help […]

1 simple solution to 3 big problems

Why would anyone buy life insurance? Think about it. First off, it’s money which could be better spent paying off your debt or saving for retirement, and second, You’re never going to enjoy the millions of life insurance on your life. Take the single person for example.  They’re usually just starting out in life with […]

Why James needs Salary Protection

Can you identify with James? He’s just your average bloke trying to make a living. It’s tough when you’re a single parent trying to put food on the table for three children at the best of times. But right now, James is in big trouble. In fact, life was on the up-and-up for him until […]