Looking for life insurance quotes? We’ve got you covered (literally).

Imagine opening a gift from your sweet wife and it’s the ultimate toolbox every man dreams of – crafted to perfection. But, not only does it come with every tool you could ever need, it also comes with a no-noise drill, and other cool guy stuff*. Or, what if your beloved husband hands you a perfectly wrapped box and it’s not a pan or a pot, but the top-of-the-range, all-in-one hair straightener/blow dryer (you know which one I’m talking about)? 

Comprehensive, integrated, tailored to your needs, and a lifesaver. Just like Capital Legacy’s life insurance. 

We know that getting a decent life insurance offer is a big deal, and sometimes all the add-ons just don’t make sense. “I just want a life insurance quote!” Well then, let’s get to it.

Quotes and premiums: What’s it all about?

One of the fundamental parts of a life insurance policy is the premiums. These determine the death benefit and the cash value.

Life insurance rates vary for each person. Before getting a policy, you may need to undergo an underwriting exercise where the life insurance company assesses your health and other factors. 

Why the difference in premiums? 

Several factors are taken into account when life insurance underwriters calculate the risk for your sum assured – the important stuff you should probably consider – including the following: 

Age: Life insurance costs vary with age. Younger individuals usually have lower premiums because rates are calculated with the assumption of a lower likelihood of early death. As you age, the risk increases, and so do premiums. So it’s safe to say that, that life insurance quote can’t stay on the to-do list much longer. 

FUN FACT: In 1960, the average life expectancy in South Africa was 52.67 years, while the recent census in 2020 reported an average life expectancy of 65.25 years. 

Health: Health significantly influences life insurance premiums. While many policies require medical testing (in most cases, not with Capital Legacy) to verify application info and assess life expectancy-affecting conditions, better health means lower premiums. Family history can also impact premiums. Overall, poor health could cost you more than your well-being.

Smoking: According to the World Health Organization, tobacco kills more than 8 million people each year, including an estimated 1.3 million non-smokers who are exposed to second-hand smoke. Because of this, premiums for smokers are usually higher than for non-smokers.

MyCover^TM: Get sufficient quality life cover with Capital Legacy 

It’s transparent and tailored to suit your needs – and your pocket. While we can’t promise that you’ll live forever, we offer hassle-free, affordable life insurance that ensures your cover is used the way you intended.

MyCover^TM was designed to integrate with your will and Legacy Protection Plan™ to meet all your financial estate-planning needs. With the power of integration, we provide financial certainty to ensure you leave a lasting legacy.

The cover: A comprehensive solution that includes optional illness and impairment cover, creates a trust for your children, and lasts for the whole of your life, with no executor or trustee fees.

The premiums: Our insurance plans offer fair pricing, sustainable premium increases below the industry average, and flexible options for premium payments and benefit reimbursement.

The process: With MyCover™, you can choose to work directly with us or through your financial advisor. There is no need for medical testing in most cases, you have the added benefit of getting your will done quickly and easily (for free) and covering the costs of dying.

MyAbility Cover™: This is an optional benefit for both impairment and critical illness cover of up to R5 million. This combination means you are covered for both critical illness and impairment and if the benefit goes unused, it will pay out with your life insurance and not fall away. 

Don’t be left short-changed.

This festive season, give yourself the gift of reassurance and leave a legacy that will last longer than the festive season. Contact us today or speak to your financial advisor. You can also use our online life insurance calculator for a quick estimate: https://www.capitallegacy.co.za/solutions/my-legacy-cover

*This article was written by a woman who knows many things, but nothing about power tools and other cool guy stuff.