Personal Life Insurance & Life Cover | AS Brokers South Africa

Life Insurance - AS Brokers ```

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The Question Nobody Wants to Ask

You're 42. You have a mortgage, two kids in school, a car on finance, and a spouse who depends on your income.

Tomorrow, you're diagnosed with a permanent disability. You can't work. Ever again.

Your salary stops. But your bond repayment doesn't. School fees don't. Grocery bills don't. Car payments don't. Medical expenses actually increase.

How long before your family loses everything?

Life Insurance Is About Income Protection

Life insurance isn't about dying. It's about protecting the income that keeps your life running when the unexpected happens.

Death. Disability. Illness. Injury. These events don't just affect you—they destroy your family's financial stability if your income isn't protected.

Most people think they're covered. Most people are dangerously underinsured.

If Your Income Is Protected,
Your Life and Your Family Are Protected.

The Four Critical Components of Life Insurance

Life insurance isn't one product. It's four distinct covers, each serving a different purpose. Most people have some of them. Very few have all of them structured correctly.

1

Death Cover

Providing Certainty When You're No Longer There

Death cover exists to prevent financial chaos at the worst possible time. When you die, your income dies with you. But your family's expenses don't.

Death Cover Exists for Three Specific Reasons:

1. To Provide for Financially Dependent People

Your spouse, children, or anyone who relies on your income still needs to live, eat, study, and survive. Death cover replaces the income you would have provided.

2. To Settle Debt

Home loans, vehicle finance, personal loans, business liabilities—debt does not die with you. Your family inherits it. Death cover pays it off so they don't lose assets or go into financial distress.

3. To Cover the Cost of Dying

Funeral costs, executor fees, estate duties, and administrative expenses place immediate pressure on families. Death cover ensures these costs are handled without liquidating assets or borrowing money.

2

Disability Cover

Often More Dangerous Than Death

Permanent disability is frequently more financially destructive than death. Here's why: you're still alive—consuming, but no longer contributing.

Why Disability Is More Dangerous

Because You Are Still Alive

Your expenses continue exactly as before
Your dependants still rely on you
Medical costs often increase significantly
Your earning ability may be permanently reduced or eliminated
You may require long-term care, equipment, or modifications to your home

Many people are severely underinsured when it comes to disability. This is one of the biggest gaps we see in South Africa.

3

Income Protection (Temporary Disability)

Who Pays Your Salary If You Can't Work?

Income protection is one of the most undersold and misunderstood covers in South Africa. Ask yourself one simple question:

If You Can't Work for 6 or 12 Months, Who Pays Your Salary?

Employers don't – Most companies offer limited sick leave, then nothing
Medical aids don't – They cover medical expenses, not lost income
Savings run out quickly – Few people can survive 6–12 months without income
Credit keeps running – Your bond, car payments, school fees don't pause while you recover

Income protection replaces a portion of your income while you are temporarily unable to work due to illness or injury. It keeps your life running while you recover.

This is why we structure insurance around your income first—not around products.

4

Severe Illness (Dread Disease)

The Most Competitive and Fast-Changing Area of Life Insurance

Severe illness cover is where insurers compete the hardest. Why? Because medical advances allow better recovery, and insurers constantly improve definitions and benefits to attract clients.

Why This Matters to You

If you're diagnosed with cancer, have a heart attack, suffer a stroke, or face another major illness, severe illness cover pays out a lump sum that allows you to:

Take time off work to recover
Access the best medical care and specialists
Cover living expenses while you're not earning
Pay for treatments not covered by medical aid
Reduce financial stress during a health crisis

Important Reality: Your Policy May Already Be Outdated

If your life insurance has not been reviewed in the last 5 years, your severe illness cover may already be outdated. Older policies often:

Have narrower definitions of what qualifies as a claim
Pay less (or nothing) for early-stage conditions
Exclude modern treatments, diagnoses, or medical advances
Have lower benefit amounts that no longer match your needs

Regular reviews matter here more than anywhere else.

Life insurance is not a "set and forget" product.

Life Changes. Insurance Must Keep Up.

Certain life events can materially affect your cover and your premiums. If your life has changed but your insurance hasn't, you're either paying too much or dangerously underinsured. Often, it's both.

A change in occupation

Improved qualifications

Changes in medical status

Income growth or reduction

Paying off major debt

Marriage or divorce

Birth or adoption of children

Starting a business

If Your Cover Hasn't Been Reviewed:

You may be paying for cover you no longer need

Your sums insured may be too low to protect your current lifestyle

You may be missing critical cover because your situation has changed

Your beneficiaries may be outdated or incorrect

You may not qualify for better definitions or benefits now available

Our Approach at AS Brokers

We don't sell life insurance as isolated products. We structure it around your income and your life.

Start with your income – what do you earn, and who depends on it?

Identify your real risks – death, disability, illness, temporary loss of income

Structure cover logically – the four components working together

Review it as your life evolves – marriage, kids, promotions, debt changes

Life insurance should support your financial plan, not complicate it.

Most people don't have too little insurance.
They have the wrong insurance.

Is Your Cover Still Right for Your Life?

If you're unsure whether your current life insurance still fits your income, responsibilities, and family situation—a structured review is the right place to start.

We'll assess what you have, identify gaps, and show you what properly structured life insurance actually looks like.

Fill Out The Form Below

Ready for a Proper Life Insurance Review?

Life changes. Your insurance should change with it. If your cover hasn't been reviewed in years, you're either paying too much, underinsured, or both.

Albert Schuurman & Johnny Farinha
AS Brokers | FSP 17273
Specialists in income protection and life insurance structuring

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