Life Insuranceyour family's safety net
Life insurance provides a lump-sum payout to your beneficiaries when you pass away — protecting their financial future when they need it most.
Get a life insurance quoteLife insurance — the basics
Life insurance (also called term life or whole life insurance) pays a lump sum to your nominated beneficiaries when you die. Unlike funeral cover, the payout from a life policy is intended to replace long-term income, pay off debt, or fund your family's future needs.
The right amount of cover depends on your income, dependants, outstanding debt, and financial goals — which is why a full needs analysis is required before any recommendation is made.
What to expect
Lump-sum payout
Your beneficiaries receive a tax-free lump sum that can be used to pay off debt, cover living costs, or fund education.
Income replacement
The right cover amount is calculated to replace your income for your family's financial needs — determined through a needs analysis.
Optional riders
Policies can often include disability cover, severe illness cover, and income protection as add-ons.
Underwriting required
Because of the larger cover amounts, insurers typically require health disclosure. Your advisor will explain the process.
Life insurance vs funeral cover
| Feature | Life Insurance | Funeral Cover |
|---|---|---|
| Primary purpose | Income replacement / debt repayment | Funeral cost coverage |
| Typical payout | R500k – R5m+ | R10k – R100k |
| Payout speed | Weeks (underwriting required) | 24–48 hours (fast payout) |
| Premium level | Higher (based on cover amount) | Low to moderate |
| Medical underwriting | Yes — required | Often not required |
| Needs analysis | Required — FAIS Act | Required — FAIS Act |
Ready to protect your family?
Free, no-obligation quote. A FAIS-accredited advisor will complete your needs analysis before recommending the right cover amount.
Start your life insurance quoteINSURELOANSA is a licensed Financial Services Provider regulated by the FSCA. All quotes are indicative only. A full needs analysis is conducted before any product recommendation is finalised.