Students need life insurance too. Student life - now these are the days that make history! You have finally left school and are the master of your own universe. Your first responsibility is to your studies, in between many hours of serious partying of course. Let us take a step back for a moment and start your education with a discussion about another responsibility: life insurance.
I think I know what your next question is going to be. What exactly is life insurance and why would it apply to a student without a family to look out for? Quite simply, life insurance cover provides your nominated beneficiaries with a lump sum payout in the event of your death, and this is where we get to you. As a student, your family could use this payout to cover the costs of your student loans or any other debt you might have incurred.
With 1Lifedirect you can get up to R6 million life insurance and it is really quick and easy. You can get a quote online and even buy your insurance on their website or mobi-site. Best of all? No paperwork or medicals are involved, just an HIV test. You can do your HIV test as either a blood test or a simple saliva test at your nearest Link Pharmacy. Visit the Lab and Pharmacy page on our website to find a venue close to you.
This brings us to the second reason why life insurance is really important for you as a student. Your policy includes a R25 000 accelerated funeral benefit, paid from your sum assured, to cover your funeral expenses. The money is paid out to your beneficiaries just 48 hours after 1Lifedirect has received a valid claim.
Your 1Lifedirect life insurance policy also includes a terminal illness benefit that will pay out your cover amount if you are diagnosed with a terminal illness and have a life expectancy of less than 12 months. You also have access to Expo-Sure, a confidential HIV testing and treatment programme if you are ever accidentally exposed to the virus.
As you prepare to kick-start your adult life as a student, make an adult choice and speak to your family about buying life insurance to cover the costs of your student loan and funeral expenses. Do not run the risk of becoming a financial burden on your family.