Credit life insurance is an insurance product that covers you (and your family) against the cost of outstanding debt in the case of death, disability or something like retrenchment. It's an important product that makes sure other people won't pay the price of your debt obligations should something happen to you.
As with all insurance products, risk is the primary culprit in determining the cost of your premium.
The exact benefits and payout will be determined by the provider of your life insurance, but typically there are 2 types of life insurance options in South Africa.
Life insurance is a product many of us try to ignore thinking about for as long as possible because of the unpleasant connotations around it. But as it is designed as a means of provision and support for your family in case of loss, there are few insurance products as important.
Fincheck is a financial comparisons website that organises information to assist the borrower in making their best financial decision.
Fincheck gathers information from numerous banking partners and presents it to the borrower in a simple, understandable way. Lenders benefit from an additional market place and extensive customer reach. Loan amounts vary from lender to lender. Fees, interest rates, loan amounts and credit scores influence the repayment terms. Lenders require personal details to control their risk and assist the government to combat theft, money laundering, terrorism. Fincheck does not endorse any particular product or company. We are an independent company. The information shown and provided is an opinion, based on numbers and must not be seen as advice or consultation.
Copyright 2020 Fincheck.co.za | Software by SovTech All rights reserved