Are you at risk with too little life cover?
Insurance body identifies R2.2m death and disability gap
03 November 2019 - 00:17
The average South African earner needs to spend about 7% of monthly after-tax income on topping up their life and disability insurance to avoid their family having to cut their monthly expenses by about a third should he or she no longer be able to earn an income.
The average South African earner is under-insured for death and disability by an average of R2.2m, says the latest Life and Disability Insurance Gap study by the Association of Savings and Investment SA (Asisa)...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.