G and S Insurance Consultants


It’s that time of the year again – silly season! Where everyone gets tired of having to be 100% responsible and let loose a bit. It’s almost Christmas season (it already started if you step into any store), but this means tons of people will be traveling to their holiday destinations soon.

And, as always, everyone is warning us to get our life and disability covers in order, before this season commences. Why? And what is a life and disability cover anyway?

Life Insurance or life cover is a means of ensuring that your family or dependants are financially secure in the event of your death. It pays out a lump sum when you die or are diagnosed with a terminal illness, which can be reinvested to provide your family with an income. This lump sum can also be used to settle the debt, cover estate duty cost or funeral expenses.

Life insurance is not a savings or investment product and has no cash value unless a valid claim is made. You choose the amount you need and how long you need it for and you can pay your premiums monthly or annually.

Things to consider when choosing a life insurance policy:

    • How much life cover do I need to sustain the lifestyle I’ve set for my family?
    • How and when will my policy be paid out without any struggle?
    • Are there Are there options for having readily available cash while my estate is being wound up?

Disability Cover is a means of ensuring that you and your family are protected should you not be able to do your job due to injury or illness, or you can no longer to day-to-day activities such as bathing, dressing or eating. It also pays out a lump sum for a claim arising from an illness or injury outlined in your policy.

To claim for a disability policy, you’ll have to provide medical proof of your disability, amongst other things. This policy can help you and your family with the following:

        • Medical bills not covered by your medical aid;
        • Equipment such as a wheelchair or stairlift;
        • Changes to your home, e.g. adding a larger bathroom to make it wheelchair-friendly.

Things to consider when choosing a disability policy:

    • Assess your risk;
    • Apply while you’re healthy;
    • If you have an older policy, consider stacking;
    • Figure out your average income;
    • Drop your policy when you hit retirement age;
    • Comparison shop; and
    • Don’t choose on price alone.

If you don’t have time to shop around and seek the most valuable life and disability cover policies, we are here to assist.

How? We meet with you and put together a risk profile on your behalf and submit it to the different service providers. Once, we received the requested quotes, we’ll work through it and make sure to explain everything (from benefits, payments and extras) on the suggested policy/ies for you and your family.

You keep your family and dependants at heart, let us do the same for you.

011 907 2412 | adelev@gsinsurance.co.za