Life Insurance
Life Insurance is insurance that pays out a sum of money on the death of the insured person…
Life insurance is an important pillar of holistic financial planning, deserving of consideration by every household.
CSfin determine the appropriate amount of life cover needed by taking into account factors such as the assets, liabilities and income of the life insured, the number and age of dependants as well as tax considerations.
With life insurance you can ensure that your loved ones are taken care of when you are no longer able to provide for them.
The advantages of Life Insurance:
- Life insurance provides an infusion of cash for dealing with the adverse financial consequences of the insured’s death
- Avoid your family having to sell the family home or vehicles and other assets when you die
- Ensures that your family has enough income to secure their future
- Ensures that your children continue to get a decent education
- Most Life insurance policies pay out free of tax
