Life insurance: A beneficiary’s perspective

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Many family lives are typically filled with beautiful milestones — like buying a new home, seeing children off on their first day of school, holidays and so much more. In between, there lies the dreams and hopes that parents have for themselves and their children.According to the Old Mutual 2022 Claims Statistics Report, the top three causes of death claims for men aged 30-39 were trauma , suicide and cardiovascular disorders.

John Kotze: Head of Product Marketing for Retail Protection Solutions at Old Mutual, says: “When we have loved ones who depend on us financially, we want to ensure that they will be taken care of when we pass away. Life insurance is a means of providing them with peace of mind, knowing that they will be financially taken care of even when we are no longer around.

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