Single parent


Single parentRaising 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.

Life insurance

Life Insurance

Life insurance pays out in the event of your death, funds that your partner or spouse will need to provide for your child, from school fees and medical bills to the bond on the family home.

 

Dread disease cover

Dread disease cover

Your dread disease cover policy will pay-out if you fall victim to a serious illness like cancer, money that can be used to pay medical expenses not covered by your medical aid and even to cover basic living expenses while you recuperate.

 

Disability insurance

Disability insurance

Your disability cover policy will pay out a lump sum that you can use to replace all or some of your income and help pay off your debt. You can also use the funds to remodel your home or car to cater for your disability.

 

Funeral cover

Funeral cover

Make sure that your family has the funds they need to cover funeral expenses. 1Life Funeral Cover includes a Memorial Benefit to pay for a tombstone.