Cheap disability insurance is not necessarily a good idea

by Admin on September 26, 2011

With the wide diversity of insurance companies in South Africa available to choose from, one typically drift towards the cheapest option. This can be risky, especially if you’re considering investing in low-cost disability insurance. Do you really want to take a chance when dealing with something as important as your financial future?

FRANK.NET offers disability insurance that pays up to R5 million if an accident or illness stops you from doing your job permanently. They take pride in their straightforward method of selling cover schemes, so you can be assured of complete transparency and honesty when dealing with us.

Don’t settle for dirt cheap disability insurance that won’t pay out when you become unable to work and earn an income. Invest in disability cover from FRANK.NET and enjoy peace of mind and clear-cut coverage.

Contact FRANK.net for a free disability insurance quote today.

Invest in disability cover from FRANK.NET and stop worrying today

In order to fully understand the advantages inherent to owning disability cover, look at what the consequences of losing your income (without a disability insurance scheme) would entail:

  • Company coverage – Even if you’re under some kind of employee coverage scheme, your company’s payouts might stop after a few months. And how much would they pay you, considering you won’t be able to work? Logistically, this isn’t the best of options.
  • Savings – In theory, if you’ve saved 10% of your annual salary, one year of disability could eliminate ten years of savings. If you can’t afford to lose that much, then a disability policy is a wise decision.
  • Bank loans – You could apply for a loan from the bank in the case of unemployment due to illness or injury, but without an income, it’s highly unlikely that it’ll be approved.
  • Partner support – It’s almost impossible for your significant other to earn enough money to support you and be an effective parent, nurse and worker simultaneously. Asking them to do so is unfair, but with a disability cover scheme, you can relieve that pressure.
  • Selling investments – This is a worthy prospect, but will a sale of investments under forced conditions bring out their true value? It’s impossible to tell. Relying on the hopes that your investments will be enough to cover you when you’re disabled is a risk that is unnecessary with disability cover.

Looking at the above pointers, you can easily see that disability cover is a good idea for you and your family. Don’t settle for dirt cheap disability insurance. Contact FRANK.NET on 0860 238 376 for a free disability cover quote.

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