Tailoring Your Coverage to Your Changing Needs

by | Aug 8, 2024 | Live Secure

Workerslife lets you build your cover to suit your needs. We offer three crucial forms of insurance: funeral, life, and legal insurance. You can mix and match your cover to suit your specific needs and circumstances in any way that suits you.

Funeral cover ensures that upon the passing of you or a dependent (spouse or children), all funeral related expenses are covered up to a specified upper limit, depending on the policy you choose.

Life insurance ensures that, if you or one of your dependents passes away, your beneficiaries receive finances to keep them afloat. This ensures that you don’t leave your family destitute if you die.

Legal insurance provides peace of mind that, in the event of a legal problem arising, you or your dependents can have access to legal expertise to see you through.

Amending Your Premiums

One of the nice things about Workerslife funeral, life, and legal insurance coverage is that you can adjust it at any point to reflect changes in your financial circumstances.

If you hit a tough patch financially and cannot afford the premiums anymore, you can amend them and retain your coverage instead of outright defaulting and losing it.

We understand that financial circumstances are not always set in stone. This is why, at any given stage, we allow you to amend the premium on your policy (within the limits of certain policy terms and conditions, of course).

However, it should be noted that doing so will affect the coverage amount on your policy. In other words, while you will retain your coverage, you might not be covered for the same amount until you’re able to revert back to your original premium. But the key thing to remember is that your policy will be sustained.

Changing Your Beneficiaries

In the event of your death, your funeral or life insurance policy will be paid out to your nominated beneficiaries. However, you can tailor this to be whatever suits you. 

We know that changes in family dynamics can and do occur, which may cause some to rethink their beneficiary lists. Therefore, at any given point during the term of the contract, you can amend your nominated beneficiary list, as long as it’s done before a claim is submitted.

With Workerslife, you can tailor your coverage to suit your needs from the moment you start your coverage until you submit a claim. Contact us now to get comprehensive funeral, life, and legal coverage!