From first date to boyfriend and girlfriend to buying a place together, you and your partner or spouse are building a life together. Just as you insure your new home and your possessions, so you have to think about insuring your life against illness, disability and even death.
Your partner relies on your income to help pay off your joint debt, for example the bond on your new home. With a life insurance policy you know that he/she would be able to pay off your portion of any debt that you incurred as a couple. But your insurance checklist does not end there.
You also have to think about the impact disability or illness would have on your joint finances. With dread disease cover you know that you have the funds you need to pay any medical expenses not covered by your medical aid if you get a serious illness like cancer or a heart attack. With disability insurance your pay-out will allow you to customise your home or car, pay off your debt and rebuild your life without becoming a burden to your partner.