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The author Terry Pratchett wrote that no-one is truly dead until the ripples they cause in the world die away. This sounds like a life-insurance tagline.

What is life cover?

Life insurance is in essence a cover plan to ensure that one’s financial responsibilities is taken care of in case one’s circumstances take a turn for the worse. It provides your family with adequate funds to cover estate administration, debt and day-to-day living expenses to keep them financially secure.

Why life cover?

Having risk and life cover is a critical and essential part of proper financial planning. It ensures the peace of mind that one’s family, husband or wife, partner, children and loved ones will be taken care of financially if something unforeseen (death, disablement, critical illness) should happen.

Nothing is more valuable than life. Spouses and families often rely on one another’s income to sustain a good standard of living. Life cover prevents that you or your loved ones have to manage without that income if you die, are disabled or lose your income.

How much life cover do I need?

The cover amount depends on the income one would want to secure. It would therefore be necessary to calculate the lump sum that will generate that specific amount, taking inflation into account.

How we do it at Optimum

Over the years we’ve seen how important this relatively small decision turns out to be: Families have been utterly destroyed and led to ruin as a result of poor planning. On the flip side, there are those left behind who were well looked after, and where a legacy was created for next generations, thanks to proper planning for unforeseen events.

Optimum’s team of professional advisers will advise you - not only on individual life-insurance schemes and their benefits - but also on insurance for businesses, such as ‘buy and sell’s’, key individual insurance, estate planning, client-specific investments and risk profiles, tax planning for individuals, companies and trusts, pension funds, tailor-made solutions for income planning, and post-retirement building blocks, to name but a few. Optimum has the expertise and knowledge to meet your needs.