Getting the best life cover policy in South Africa involves a lot more than just finding the cheapest premiums. You also need to make sure that you find the best life cover policy for your needs.

Types of life insurance you can get in South Africa:

Term insurance

With this type of life cover policy you choose the amount you want to be insured for and the period for which you want cover.

Whole life insurance

This is an ongoing policy that pays out when you die.

How to get the best life cover policy in South Africa:

You could consider getting help from an independent financial advisor. An advisor may be able to find gaps in your coverage and find you the best type of cover for your needs and your budget.

Make sure that you shop around and compare various policies. One of the best ways to compare different life insurance premiums is by using a price comparison website.

You should also watch out for low-start life insurance policies, with premiums that increase throughout the term of the policy.

If you and your partner of spouse are looking for the best life cover policy in South Africa, you need to keep in mind that two single life policies may offer much more than a joint life policy.

Be prudent about comparing quotes. If a quote seems unusually low, check if it’s a renewable policy.

Be transparent. If you withhold any information about your health, your policy could be invalid and might not pay out.

To find the best life cover policy in South Africa you need to make sure that you choose an insurance company with high ratings. The company also needs to be in good financial standing, so you can be sure that your beneficiaries will be paid out when a claim is processed.