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Tools and resources for life insurance decision-making

23 April 2025
4 minute read
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You want your life insurance policy to change your loved one’s lives. But with so many policies to choose from, selecting the right one for your family can be a challenge. 1Life Insurance’s tools are the insurance resources you need! These life insurance services will help you find an affordable life insurance policy that gives your family peace of mind. 

Life insurance tools and tech for informed decision-making 

Making the right life insurance decision has never been easier with online insurance resources! They are accessible at any time and will help you make an informed decision so that your family has the life cover they need at a premium that is within your budget. 

Life insurance and budget calculators

These help you with two of the most important life insurance questions, as well as offer easy ways to help you manage your money wisely! 

How much life cover do you need?

This is one of the most important questions to ask when taking out life insurance. Your sum assured should be enough to cover all your debts on death and future family expenses. Online insurance calculators such as the 1Life Insurance life cover calculator help you arrive at an appropriate sum assured. 

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How much life insurance can you afford?

Use a budget calculator to review your budget to see how much you could afford to spend on an insurance premium. You can also use different budget scenarios to see where you can save money, which can be used for investments in your family’s future. 

Calculators are also available to see how much you need to save for a funeral, education costs, what a home loan repayment would be, and how long it takes you to become a millionaire! 

Online quotes

Need a life cover quote quickly? Of course you do – and with online life insurance resources you can get a quote 24 hours a day, 7 days a week! Enter a few details and you will have an idea of how much life insurance you could get and the monthly premium amount! 

Top tip: Keep in mind that life insurance policy premiums are determined by your individual risks such as your health and occupation. Most quotes don’t ask about these in detail, so they are just a guideline as to how much you would pay. Actual premiums may differ from the quote. 

Buy cover online

When you are ready to take out a policy, you can buy a life insurance policy online, safely and securely in your own time! Be sure to answer all the questions accurately, honestly and in full, and you can have a policy in minutes.  You may also be able to save money on premiums, up to 13%, by buying your cover online! 

Top tip: You can always ask the insurance company for more information over the phone or chat to a financial adviser should you need more details. 

Online glossaries, terms and conditions

Life insurance policies do have a few terms and conditions, such as when premiums are due, which events are excluded and how and when the insurance company pays claims. Although licensed South African insurance companies keep terms and conditions to a minimum, there may be some terms you don’t understand or words you haven’t heard before. Reputable insurance companies will offer insurance resources such as online glossaries explaining these terms and conditions. They should also have a list of FAQs and all the policy terms and conditions online so you can view them at any time! 

Online claims

You and your family need to be able to submit claims online, and understand the claims process so you know what documentation may be required for your claim. Online claims allow you to start your claim in the comfort of your own home! 

1Life Insurance for your family’s life cover needs

1Life Insurance is a licensed life insurance provider offering a range of flexible life cover policies that you can tailor to your needs and budget. You can take life cover for a sum assured of between R300 000 and R10 million at a competitive premium, and save on premiums if you buy online. You can manage your policy on the online policyholder portal or WhatsApp service centre. Claims can be submitted online and valid claims are assessed and paid quickly. 1Life Insurance was awarded the Life Insurance Category winner in the 2023/2024 Ask Afrika Icon Brands Benchmark survey. You can follow 1Life Insurance on Instagram, Facebook, X and Youtube. Talk to 1Life Insurance today! 

Use insurance tools and tech and make the best life insurance choice

Online life insurance services make applying for, managing and claiming on life insurance policies easy! Processes are transparent and you know your family has financial stability when you choose the right cover amount. Explore 1Life Insurance’s tools and tech to find the best insurance policy for you that gives your loved ones peace of mind.  

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