Surviving any life threatening disease or illness is possible with the advanced medical treatments today. There is just one problem usually when a person survives, and that is finances. Getting the best treatments and medical care often requires all the money you and your family have. Another is that your health would never be the same again and you will have to take things steady. At times you will no longer be able to work, and it can lead to massive financial problems.
What is a chronic illness or dread disease life insurance?
It is a policy that offers you and your loved ones support on a financial basis against diseases or conditions like a stroke, heart attack, Alzheimer’s, Parkinson’s or cancer. Other things will be covered as well as brain damage, paraplegia, and major burns. You will receive a lump sum that is tax-free to use for anything you like.
Why is it important to have this life insurance?
It can supply you with funds for the following:
- Daily needs
- Mortgage and bills
- Medical requirements like a home nurse or wheel chair
- Any medical things your scheme would not supply for
- Education for your kids
And there are so much more reasons, and one of the biggest is that having additional finances is never a bad idea.
How comprehensive is it?
You will receive protection for all the illnesses and diseases listed in the South African insurance list. You, minor children, will be automatically covered and you can be at peace knowing you have the right coverage for you and your family.
It is not easy being diagnosed with a dread disease or something critical happens to you, but you can prepare financially for your future, as well as the people in it.