Smart students secure their futures – here’s why life insurance matters

As you adapt to life on campus, your priorities are probably to focus on your studies, graduate on time, land your first full-time gig , and live it up along the way. Being a young varsity student, buying life insurance is probably the last thing on your mind. But it really should be up there along with how you’re going to celebrate Rag Week.

According to Bidvest Life’s 2022 Claims Report, full-time tertiary education students were the second most common occupation to claim on Event Based Cover.Read that again: Students were the second most likely group to claim on their income protection policy for injuries and illnesses that affected their ability to pursue their studies, careers, or future to come.

So yes, you’re young, you’re healthy, you’re in the prime of your life. But should you still have life insurance cover in place to protect yourself against the effects of illness or disability? Simply – yes. Jessica Beattie, Acting Chief Marketing Officer at Bidvest Life shares five good reasons why:Life insurance is an umbrella term for a portfolio of products that on one hand, protects you against the loss of income due to illness, injury or permanent disability.

Life insurance is a big part of embracing your independence and becoming financially savvy: if you want to go places – earn admiration, pursue success, and command respect – start investing in your future by opting for an income protection policy and locking in your good health while you can. Now is precisely the time.The views of authors published on South Africa Today are their own and do not necessarily represent the views of South Africa Today.

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