The Benefits of Having Personal Insurance

The majority of South Africans do not have personal insurance plans as the monthly payments and premiums are simply too expensive. However, with companies such as Prime Meridian delivering personal cover to the majority of South Africans who cannot afford these high rates, many families are able to reap the benefits of having personal insurance plans.

While there are hundreds of benefits that come with having personal cover, here are some of the most loved and enjoyed features of having a personal insurance plan with Prime Meridian:

• Affordable and cheap cover from as little as R2 a day. This is an incredibly offer in comparison to the fortune many have to spend with other insurance companies.
• Cash benefits of up to R270 000 are guaranteed should the cover be paid out.
• Individuals with personal insurance will receive immediate cover for death through both accident and illness.
• To obtain this personal insurance plan, no medical examinations are required. Individuals simply need to contact one of the agents and sign up. This is an incredibly plus and opportunity as many other insurance companies would prefer their clients to be fit and healthy when obtaining personal cover.
• It’s impossible for anybody to be turned down from obtaining personal cover. Rather, all individuals of all ages, classes and living circumstances qualify and can be covered by Prime Meridian.
• Cash benefits are all tax free, ensuring that the amount you receive is the amount that you have been promised. This is a great benefit as the amount that will be paid out when claimed can be up to R270 000 – an amount that would normally be heavily taxed, resulting in only a percentage of the actual pay out.
• For just an extra amount every month, Prime Meridian offers family plans which will also cover your spouse and up to four children.
• A popular benefit of having a personal insurance plan is that all debts will be able to be paid out in the event of an untimely death. This is a huge help to family members as they won’t have to feel the pains of having a vehicle or home repossessed, or being chased by a debt collector.
• Financial support for dependents. The death of a bread winner can be devastating to a family. While grieving the loss of a loved one, they’re also have to find a way to cope with having to find the money to pay the bills, put food on the table and clothe the children and send them to school. With a personal insurance plan, the payment benefit will be able to take care of the day to day expenses of a family while making sure that their lives aren’t completely uprooted due to the loss of their main financial provider.

Prime Meridian’s personal cover, Prime Living Legacy, is a sure way to prepare for the future and ensure that your loves ones will be looked after financially in the event of an untimely death.

Original Source: Prime Meridian