LIFE COVER FOR PARENTS

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LIFE COVER FOR PARENTS

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Life Cover For Parents

You can take life cover for parents?

You can take out life insurance on your parents’ lives if they are direct family members and you share a bond of love and trust
You will be the policy owner, responsible for paying the premiums
Insure It Wize assured on a policy - so either your mother or father will be the life assured

FIND THE BEST LIFE COVER FOR PARENTS!

Taking out a Life Insurance policy for your parents allows you to take care of your family's financial needs after passing. This usually includes funeral expenses, paying off leftover debt, or taking care of educational expenses for children who might still be studying.

Our Long-Term Insurance Partners:

Safeguard you and your family from the financial uncertainty that comes with serious illness, disability or death. Life is full of surprises and not all of them are good. If you’re the breadwinner in your family, your death could leave your partner and children financially vulnerable. We know that nothing can replace you, but our long-term insurance partner policies will provide them with the security and protection they need should the worst happen.

You’ll also have the peace of mind that comes with knowing that your family will be taken care of. Our portfolio of partner packages offers you affordable monthly premiums ensuring that in the case of your death or disability, or if you suffer from a critical illness, a tax-free lump sum will be paid out. This can be used to pay off your bond or other debts, living expenses, and ongoing medical care if needed. Contact us today to safeguard you and your family from financial uncertainty

Parental coverage may not only be an important determinant of children’s access to care, it also can affect the parents’ health. The mental and physical health of parents plays an important role in child well-being. Being in poor physical or mental health, which is more likely for those of low income and those without insurance, has a bearing on a parent’s child rearing practices and ability to cope. Institute of Medicine. 2002. Health Insurance is a Family Matter.

The whole family can be affected by any member’s lack of insurance. If anyone in the family is uninsured, the financial and emotional well-being of the entire unit is at risk, as well as the health of those who are uninsured. Employment-based and public insurance programs leave gaps in coverage for many families. The families in which some or all members lack insurance disproportionately include those with lower income, a single parent, and racial and ethnic minorities.