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How to choose insurance

Now that you're aware of the importance of financial planning, choosing the right insurance is vital.

Medical Aid

Depending on the package, medical aid is essential to pay for any medical expenses such as visits to the doctor, hospitalisation or treatment in the event of health deterioration.

Critical Illness Cover
This can assist with additional costs that are not typically covered by medical aid. It can include home nursing care, family counselling or alterations to a home for physical impairments.

Life insurance
This will ensure that dependents are financially covered in the event of an untimely death and can also assist to pay for additional medical, legal and funeral costs.

Lump sum disability and income protection policies
These are also important as women may contribute significantly to the total family income. Should a woman become unable to perform her occupation due to injury, or illness, whether temporary or permanent, it assists by replacing lost income, until she can return to work.

Short term insurance
Car and home insurance is also important. Should a woman become involved in a motor vehicle accident or her home is ruined after a fire or flood and there is no insurance in place, it can be devastating to her financial situation. It is vital to ensure these unforeseen costs are also covered.

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