Life insurance is the cornerstone of providing financial security for your loved ones, so it’s important that we understand it. When it comes to finding the right policy though, navigating options can feel like deciphering a complex code. EasyProtect keeps things simple and puts you in control, which is why unlike most insurance providers, we offer two distinct premium structures: fixed and age-related.
Fixed Premiums
A fixed premium is the steady Eddie of the insurance world.
It offers a consistent price you can budget for throughout the life of your policy. Think of it like your favourite pair of jeans – reliable and comfortable, year after year.
Age-related Premiums
An age-related premium, on the other hand, can be more dynamic.
It typically starts lower, offering some financial breathing room early on, and increases as you age. Imagine a new home - initially maintenance costs would be low, but as your home ages (you age), maintenance needs and costs increase. With age-related premiums, insurance premiums increase to reflect the increased risk associated with age.
So, which path is right for you? Let's explore who might benefit from each option:
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The Key Takeaway
The best premium structure ultimately depends on your unique financial situation and goals. Life insurance should be about peace of mind, not another source of confusion.
Embrace the power of choice! Get a personalized quote online in less than 3 minutes and find the premium plan that builds a strong foundation for your financial future.
EasyProtect Life is a life insurance product underwritten and administered by Sanlam Life Insurance Limited, a licensed life insurer, and is offered exclusively on the EasyEquities platform for distribution by EasyEquities. EasyEquities is an authorised FSP, registered credit provider and licensed ODP.