You take on so many roles in your life – mother, daughter, wife, friend, colleague, boss, sister, aunt, and caretaker. With so many roles, comes a lot of responsibility. We know that you have many people in your life depending on you – whether it's for emotional support, financial support, or just someone there to have fun with! It’s a lot to take on. And we get that it can be stressful worrying about what might happen to your loved ones should you no longer be around to lean on.
This is why, at 1st for Women, we’ve put together a range of Life Cover options, specifically designed for women. With our 1st for Women Life Policies, you can rest easy knowing that your loved ones will be taken care of financially should you pass away.
Once you take out Life Cover with us, you can get back to living your best life. Focusing on what really matters and not on the ‘what if’s’. Get a Life Cover Quote from 1st for Women today.
What is Life Cover?
Life Cover, also known as Life Insurance or a Life Policy, is there to provide financial protection to your loved ones in the event of your death. The beneficiaries listed on your policy will receive a lump-sum payment, which they can then use to continue living their lives as they were before your death.
The payout from your Life Policy can be used to cover anything from daily expenses like groceries to school fees or any outstanding medical bills. This takes away the added financial stress that may come after death, allowing them to grieve their loss in peace.
Life Cover can be taken out no matter how young or healthy you are. In fact, the younger and healthier you are, the more cost-effective your Life Cover premiums will be. You can think of a Life Policy as a risk management tool, rather than an investment. It’s there to fall back on, should the unfortunate happen.
Benefits of our Life Cover + Life Policy
Our Life Cover comes with loads of benefits, all specifically designed for women. Because we understand what is important to you, you can add up to 10 beneficiaries to your policy. This can include your spouse, your children, your parents, and any other dependents that rely on you financially. Your Life Policy can include cover of up to R10 million, and best of all, your cover will never expire.
We also understand that, as a modern woman, you’ve already got a lot on your plate. This is why we’ve made sure to take out all lengthy paperwork. All it does is slow you down, and we’re not here for that. Should your circumstances change, like getting married or having another child, you can easily adjust your cover amount on your Life Policy.
Life Cover from 1st for Women
Not all women are the same – we all have different lifestyles, family dynamics, and responsibilities. Because of this, there is no ‘one-type-fits-all’ when it comes to Life Policies. At 1st for Women, we’ve catered to these different needs by offering various Life Cover options.
Pure Life Cover is our main Life Policy option at 1st for Women. You can choose between 1st for Women Basic Life Cover and 1st for Women Elevated Life Cover.
With the Basic cover option, a lump sum of up to R200,000 will be paid out to the beneficiary of your choice, whilst the Elevated cover option pays out from R200,000 upwards to the beneficiary of your choice. 1st for Women’s Pure Life Insurance covers you no matter what life stage you’re in, regardless of your age or current health situation.
You can also add extra cover to your Life Policy, like All Women Dread Disease Cover, standard Dread Disease Cover and Disablement Cover. And, if you claim on any of these, it won’t affect your Life Policy cover amount.
You’re the pillar in your household, and the love and support you give makes you irreplaceable. Our All Woman Dread Disease Cover is specifically designed for women, covering both you and your children for a wide range of woman-related and childhood cancers.
We know what cover is important to women, so you’ll also be covered for pregnancy complications and accidental HIV infection due to violent crime.
Our cover options range from R250,000 up to R1 million. You get tailor-made cover that is there for you when the unthinkable happens.
Just like the weather in Cape Town, life can be unpredictable. It’s impossible to know when an illness may strike, but at least you can make sure that you’re prepared for it should it happen. Our Dread Disease Cover will pay you out a lump sum to help you cope with the financial burden should you be diagnosed with a severe illness such as cancer, are undergoing a major heart operation, or need an organ transplant.
Let us be your financial pillar during your greatest time of need. With this policy, you can focus on your health without the added financial stress.
Our Disablement Cover is there to support you should you become disabled. If you become permanently disabled and can no longer work, we’ll pay out a portion of your Disablement Cover and it won’t affect your 1st for Women Life Policy.
You’re going to need time to adjust to your new lifestyle, and we want you to feel supported during this time.
Who needs Life Cover?
It’s not always the first thing that we think about, and many women probably feel like they don’t really need to take out a Life Policy. But, if you have anyone relying on you financially, then it’s actually quite important. Whether it’s your spouse, children, siblings, or parents. This is also true if you own a business and your employees or business partners are reliant on your income.
You need to ask yourself, ‘if I had to die tomorrow, would anyone be negatively affected financially?’. If yes, then you should probably take out a Life Policy.
These types of policies are there to compensate for the inevitable financial costs that come with the loss of life. It helps those left behind cover the costs of final expenses, outstanding debts or bonds, planned educational expense, and lost income.
While it doesn’t help with the grieving process, it does help lessen the financial burdens that may come. It also provides peace of mind for the policyholder, knowing that they won’t leave their loved ones behind without financial security.
Life Cover is important for not only the breadwinner of a single-income household but also for the stay-at-home spouse.
What Life Policy should you take out?
When deciding on which Life Cover to take out, you need to consider your risk profile as well as your beneficiaries and how reliant they are on your income.
We’ll structure your Life Policy according to your individual needs and requirements – including add-on policies, like Disablement Cover, where necessary.
You should note that the premium of your Life Cover policy will depend on your specific risk profile, which factors in your age, gender, occupation, and current health.
We know that you probably don’t want to think about what would happen if you were to pass away, but it’s important to understand that it is a possibility. A possibility that could come with added financial burdens on your loved ones. Taking care of the financial impact that your death may bring now, will make it easier for your family should the unexpected happen.
You can get Life Cover quotes with us online in minutes or through our call centre with one of our helpful consultants. Simply call 0861 00 33 28 or leave your details and we’ll call you back for a Life Cover quote specifically designed for women.