Modern Life Cover Products

By Author: Louie Dale
Total Articles: 104
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The entire world in the last 30 years or so has changed rather significantly. Technological know-how advancement, the economic climate, schooling, lifestyles and the strategy to work opportunities have all changed in numerous ways, bringing both prosperity, but regrettably, also some dreaded scenarios about. It was inevitable that life cover products in this particular changing environment would need to change and adapt in order to survive as well as grow.The regular approach to life cover as a straight-forward product, where an agreed amount of cash would be compensated to beneficiaries upon one's death in return for an agreed upon monthly premium payment, no longer was sufficient to provide in the changed situations of life. A more extensive product was needed to handle the economical and lifestyle truth of the new trend. Unknown acceleration on many fronts, but an important slide in the health and job security of many individuals around the world, caused insurers to take a look with new eyes at life cover as a product. How would men and women afford life insurances premiums if they were ...
... out of work or sick, must have been one of the worries of the insurers as a lot of jobs were lost to one financial crisis after the other, also on a world wide scale and with that the diminishing health of the Western world due to poor lifestyle choices, causing so many deaths? So, now we have products in addition to the original, like insurance against damages, debt insurance and dreaded disease insurance as part of the life cover product, covering us against disaster from cradle to grave, as it were.Insurance for HIV was one of the solutions to emerge from the circumstances described above. Insurance for HIV is a relatively new product of the last two decades or so, and has within the last 5 years evolved into a reasonable and easily entered into product. Insurance for HIV, today, is an inexpensive product, can be applied for without any medical check-up, and is available as an online product. Insurance for HIV will offer individuals being affected by HIV infection, with life cover of up to R4 million, thereby ensuring a continued dignified life for family members left behind.