Being a single parent means carrying the full weight of your child’s future on your shoulders. Every decision—from where you live to how you save—has one purpose: protecting them. But what would happen if you were suddenly unable to provide?
The right single-parent insurance policy ensures your children are supported no matter what life brings. It’s not just about money—it’s about peace of mind, stability, and love that lasts beyond your lifetime.
Why Insurance is Non-Negotiable for Single Parents
As the sole financial provider, your absence would have an immediate impact on your child’s daily life. From school fees to groceries, everything depends on your income.
Life insurance for parents guarantees that your child’s education, home, and well-being continue without disruption. It’s also emotional security—they’ll never have to face financial uncertainty while coping with loss.
In short, insurance is the one plan that continues to take care of them, even when you no longer can.
Essential Insurance Types for Single Parents
Life Insurance
A solid life policy replaces your income and secures your child’s future. It can fund school fees, housing, and long-term goals like university. Always designate your child—or a legal guardian—as a beneficiary.
Products like the Lefa Life Cover make this process straightforward and accessible for parents at every income level.
Thebe Funeral Plan
Funerals can create unexpected costs that place financial strain on families. The funeral plan for single parents ensures these expenses are covered—protecting your loved ones from debt during an already difficult time.
Some plans also allow you to include your children under the same cover for greater peace of mind.
Cashback Life Insurance
If you’re disciplined with payments, a Pula Cashback Life Insurance policy can reward you with partial returns if no claims are made. These savings could later help fund your child’s education or future milestones.
Motswako Hybrid Pension (Optional)
For single parents planning beyond daily needs, combining retirement and savings in one policy—such as Bona Life’s Motswako Hybrid Pension—builds both security and growth for the future.
How to Choose the Right Coverage
Start by estimating how much your children would need each month if you were gone. Consider:
- Education costs (school and university)
- Rent or home loan repayments
- Food, utilities, and healthcare
- Clothing and transport
Working with a Bona Life advisor can help you tailor your insurance for families policy to these needs. And remember—update beneficiaries regularly, especially if guardianship arrangements change.
Appointing Guardians and Beneficiaries
Children under 18 can’t directly manage insurance payouts, which is why appointing the right guardian or trustee is crucial.
- Choose someone you trust to manage the funds responsibly.
- Avoid naming minors directly on your policy.
- Work with a lawyer or your insurer to ensure your child beneficiary insurance is structured correctly.
This step ensures your child’s inheritance is secure and used exactly as intended—for their growth, not daily expenses.
Tips for Affording Insurance on a Tight Budget
Raising a family alone is challenging, but protecting them doesn’t have to break the bank.
- Start small—even P100 a month can make a difference.
- Combine a funeral plan with basic life cover for a balanced start.
- Choose cashback or flexible plans for long-term value.
- Review your coverage yearly as your income or responsibilities change.
Bona Life’s flexible policies are designed to grow with you, adapting to your changing financial needs.
Conclusion + Takeout
Insurance isn’t a luxury—it’s one of the most powerful gifts you can give your children. It’s a financial safety net and an emotional promise that they’ll always be looked after.
With single parent insurance solutions from Bona Life—like the Lefa Life Cover, Thebe Funeral Plan, and Pula Cashback Plan—you can secure your child’s tomorrow, today.
Secure your child’s future today—explore affordable life and funeral cover options with Bona Life.
📞 Call: +267 398 1800
📱 WhatsApp: +267 76 744 686
🌐 Visit: www.bonalife.co.bw