Life cover is not sustainable most ppl i know who had life cover who lost their job & couldn't continue contributing they lost out because insurance companies don't play you skip payment you lose out.
This is true, you will most probably lose your cover if you happen to lose your income and therefore your ability to contribute. However, a lot of them have a grace period where they let you skip the payments whilst looking for the next job without lapsing the cover. Also the one that is coupled with job loss and disability and dread disease is a bit comprehensive as you get some income to continue contributing to the life cover. At this point I don’t know any alternative to a life cover hence I’d still recommend it with its many loopholes
Life cover is not sustainable most ppl i know who had life cover who lost their job & couldn't continue contributing they lost out because insurance companies don't play you skip payment you lose out.
This is true, you will most probably lose your cover if you happen to lose your income and therefore your ability to contribute. However, a lot of them have a grace period where they let you skip the payments whilst looking for the next job without lapsing the cover. Also the one that is coupled with job loss and disability and dread disease is a bit comprehensive as you get some income to continue contributing to the life cover. At this point I don’t know any alternative to a life cover hence I’d still recommend it with its many loopholes