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Saving money on your life insurance premiums

If you are considering purchasing a life assurance policy, or if you already have life cover, there are a number of factors that could help you to reduce your monthly premiums. Because the cost of premiums for life assurance (also referred to as life insurance) is dependent on various lifestyle aspects of the insured individual, there are certain things that you can do to cut the cost of your life assurance premiums. Read One Life Direct’s tips below to find out more.
 

Types of Life Insurance

1Life Direct offers policyholders a choice between two different kinds of life cover, namely Pure Life Cover and Credit Life Cover. Depending on your individual needs, we can help you to determine which one of these life insurance policies would best protect your family, should something happen to you. Read on to learn more about 1Life Direct’s life insurance products, and to find out how you can ensure that your family has the life they deserve, no matter what the future may bring.
 

Disablement and Dread Disease Cover

A life assurance policy (also referred to as a life insurance policy) is not limited to providing for your family’s needs in the event of your death – it can also be a financial resource for you and your loved ones if you are no longer able to earn an income. With 1Life Direct, policyholders are given the option to include disablement and dread disease cover in their Pure Life Cover and Credit Life Cover policies. This means that if you are suddenly unable to work due to injury or illness, your financial needs will continue to be catered for by your 1Life Direct life assurance policy.

When to get a life insurance policy

A life insurance policy is a monetary resource that serves to protect the financial well-being of a family should something happen to the primary breadwinner. This means that the best time to get life cover is once you have dependents. However, while this is generally the main motivation for acquiring life cover, there are other factors involved in deciding on the appropriate time to purchase life insurance (or life assurance, as it is also referred to). 1Life Direct is here to help you figure out exactly when to apply for life cover.
 

Related Links

- Types of Life Insurance
- When do I need Life Insurance
- Disablement and Dread Disease Cover
- Save on your Life Insurance Premiums
 

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