Buy Term & Invest the Difference Life Insurance.
Protect your family at an affordable rate.
F.A.L Buy Term & Invest the Difference policy offers families a unique opportunity.
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This unique product offers families a lifetime opportunity to save the money they are already spending on their existing life insurance policies by conducting a comprehensive Financial Needs Analysis on their day-to-day expenditure. The monies saved through this process can be invested in a separate investment account of any asset management company of their choice aimed at providing returns to aid in a comfortable retirement.
This underpins our philosophy that, in the early years of life, one would need adequate life insurance protection, because when the unfortunate happens, any investment at that time will not be adequate to provide support to the dependents that are left behind.
Because you care.
It is essential for you to have a Life Insurance policy with a large Sum Assured. Buy Term and Invest the Difference is a family-centered product designed to offer maximum security and peace of mind.
Things you should consider:
If you die, with or without any dependent, such as a spouse or children, your extended family will definitely bury you. At First Africa, we define life insurance as a “an investment purposely for the continuity of the life of the dependents who will be left behind as a result of the premature death of the breadwinner(s) in the family.”
You, the breadwinner’s income is what is used to manage your home, so its absence will result in problems associated with payment of:
- School Fees
- Bond and/or Rent
- Groceries
- Utility Bills
- Vehicle Payments
- Other Expenditures
Have you considered the financial impact your unexpected passing could have on your spouse? In many cases, the surviving partner is forced to liquidate assets to settle outstanding debts. Delaying the decision to secure adequate life cover can lead to significant financial strain and future regret. Proactive planning today ensures your family’s financial stability tomorrow.
The F.A.L. Buy Term & Invest the Difference product provides a pure death protection however it should not be the sole feature of your financial plan. Experts recommend 10 to 15 times your annual income as the sum assured to replace your income when death occurs.
Protecting what matters most.
On a scale of 1 to 10, with 10 being the highest, how would you rate the love you have for your Children? Let First Africa Life protect you, so you can protect them. No-one can replace a mother or a father, but the breadwinner’s responsibilities can be replaced in the event of their premature death. The right kind of Life Insurance provides the necessary financial support for dependents to secure their future. Our clients refer to F.A.L. Buy Term & Invest the Difference product as an affordable 9-in-1 policy.