Building Generational Wealth Starts with Protection: Why Life Insurance and a Will Matter
Financial security isn’t just about earning money — it’s about building a foundation that lasts for generations. For South Africans aged 35 and over, two essential tools form the cornerstone of that foundation: life insurance and a legally binding will.
These aren’t just financial products — they’re acts of protection that secure your family’s future and preserve your legacy.
Life Insurance vs Funeral Cover: Know the Difference
Many people confuse life insurance with funeral cover, but they serve very different purposes.
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Funeral cover provides short-term help for immediate expenses such as burial costs.
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Life insurance goes much further — offering a tax-free lump sum that can help your loved ones pay off a home loan, fund education, or even start a business.
In short, life insurance helps your family not only cope in your absence but continue to grow and thrive.
Why a Will Is Essential
A will ensures your assets are distributed according to your wishes, preventing confusion, legal delays, and unnecessary hardship for your family.
Without one, your estate could become tied up in the courts, leaving loved ones without access to funds or property when they need it most.
Having a valid will is a simple but powerful way to ensure your legacy and intentions are protected.
Choosing the Right Life Insurer
Selecting a reliable insurer is key to long-term peace of mind. Consider these factors:
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Financial strength: A proven record of paying claims promptly.
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Trust and transparency: Clear communication and support when you need it most.
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Industry recognition: Awards or positive reviews can signal credibility.
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Flexibility: Policies that evolve as your life changes.
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Digital convenience: Easy online management of policies and claims.
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Extra benefits: Access to financial education, legal advice, or estate planning support.
Some insurers, such as 1Life, even offer will-drafting and estate services to make the process simpler.
Taking the First Step
Generational wealth begins with protection and planning.
Initiatives like 1Life’s Truth About Money program provide free courses and guidance to help South Africans make informed financial decisions and secure their futures.
Whether you’re building your career, supporting a family, or running a business, taking steps to protect what you’ve built today lays the groundwork for tomorrow’s success.
Protect your loved ones. Build a legacy.
It all starts with one policy, one will, and a commitment to your family’s financial future.
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