COVID-19 UPDATE: We're here to help. Click here to find out more.

Single parent

singleparent.pngRaising a child alone is probably one of the toughest jobs in the world. You and only you carry the burden of providing for your children’s every need, from food to extra maths lessons. As the family’s sole provider you have to make sure that your kids will be taken care of, no matter what. Get peace of mind with life insurance and dread disease cover. This is how it works.

Life insurance provides the funds your children will need to survive without you and the salary you earn, paying for food, medical expenses, school fees and yes, extra maths lessons in the event of your death. Dread disease cover gives you financial relief in case of serious illnesses like cancer, protecting your family from the often-serious financial consequences of chronic illness.

If your children are under the age of 18, you need to make sure that you have a will that nominates a legal guardian for your children and that you set up a trust to administer your life insurance pay-out. The good news is that this pay-out will be made available to your children immediately, supporting them while your estate is wrapped up.

heart

Life insurance pays out a lump sum in the event of your death, funds that your partner can use to pay off all or some of your joint debt.

Because a lack of funds should not stand between you and the care you need, 1Life Dread Disease Cover will pay out a tax-free lump sum if you fall victim to a serious illness such as cancer. This pay-out can help you pay medical expenses not covered by your medical aid and cover living expenses while you are recuperating.

A disabling accident should not mean the end of a full and rewarding life. With disability insurance you have the funds you need to overcome disability and live the life you want, without becoming a financial burden to your family.

Make sure that your family has the funds they need to cover your funeral expenses. 1Life Funeral Cover includes a grocery benefit that will pay out up to R1000 per month for six months to the policy’s beneficiaries. You can also insure additional family members on your policy, for example your parents and even siblings.

Enter your name and contact number and one of our consultants will call you back:

Please type in your name
Please type in a valid SA number
Call me back