Life
Life
Cover
Plan for life's curveballs. Get life cover that protects your family and your income.
Life doesn't always work out the way you plan. But our Metropolitan life cover plans do. They protect you and your family should something happen that stops you from earning a living.
Protect your family or create generational wealth.
Choose if you want to do medical tests or not.
Get built-in benefits for urgent expenses and add benefits for extra cover.
Choose how much you can afford to pay.
Life cover is an insurance policy that pays out a sum of money when you die. Having life insurance means you and your loved ones can enjoy living life knowing that you’ve taken care of business. The payout from your life insurance policy can be used to:
- Replace lost income by covering household and other daily expenses.
- Pay off debt such as a bond, vehicle finance loan, or credit card.
- Contribute towards a child’s education.
Let's plan for your family's future
Cover up to age 60
Cover for life
Cover for all causes
Cover for accidental death
Cover that gets less each year
How much life insurance do you need?
There are no rules for deciding how much cover is enough. The best answer to this is to balance what you need with what you can afford, and then decide how much to take.
Here’s a helpful checklist to determine how much life cover you would need:
- Start by writing down the income you and your family would need every month.
- Multiply that amount by 12 to get a yearly income amount and then multiply that by the number of years you would need this income - This depends on your situation, but it would usually be between 10 and 20 years.
- Do an analysis of all debts, like a home loan, vehicle finance, and creditors’ accounts you may have.
- Add any functional needs that would need financing in the future like the cost of tertiary education for children.
- This will give you a ballpark figure of the cover amount you need.
If this amount is more than you can afford now, start where you are, with what you have, to secure your life insurance plan, then add an automatic yearly payment and cover increase.