School fees - One less thing to worry about

Worried about your child's school fees? With Life Insurance you have one less thing to worry about

Besides paying for your child's school fees, there is stationery and books, uniforms and sports gear to take care of. It’s a lot to provide for, but as a parent you make the education of your children a priority. That’s when the worrying thoughts creep in. What if something were to happen and you were no longer there to take care of these things?

An important part of planning for the future is planning for unknowns. A Life Insurance policy can ensure that, should you unexpectedly pass away or become unable to work due to injury, you can still provide for the needs of your family.

 

Providing for Education

Life Insurance is a powerful tool. Should you die, a Life Insurance policy can provide for your family in a number of ways:

  • Any outstanding personal debts can be covered – which may negate the need to liquidate estate assets such as the family house or car.
  • An ongoing investment income can be awarded to your dependents so that they are financially secure.
  • All of the education needs of your children can be provided for.

This way you can be sure that - in the event of a tragedy - your children will still be able to access the education opportunities you want for them.

You can also get additional cover to protect against disability or critical illness, further helping to secure your family’s future and account for the unpredictability of life’s journey.

 

How much Life Insurance do you need?

You can see the value of Life Insurance in easing your worries over the future, but how do you work out the amount of cover you need?

There is not a simple answer to this question since each person will have different requirements. Not to worry though. We have an easy-to-use insurance calculator on this page to help you figure it out, so you can be confident in having the right cover to meet the future needs of your family.

As the year progresses and your plate fills up, give yourself one less thing to worry about. Take advantage of the valuable benefits of Life Insurance to make sure the education needs of your family are provided for, no matter what the future holds.



Posted in Insurance 101 on 06 Feb, 2023