We’re consistently bombarded by life insurance advertisements on TV. They dominate the media. Each one paints a rosy picture of how great the company is and how easy it is to apply for insurance. The advert typically includes a testimonial from someone who has had a positive experience with the company.Insurers use marketing to make it seem like getting insurance and making a claim are easy, painless and quick. Sometimes, that couldn’t be further from the truth.Here are a few ...

When it comes to debt and financing, most people don’t have a clue and make irresponsible decisions. They max out their credit cards, spend way too much money and buy things that are unnecessary or things that put them under strain. In an effort to stretch their loan capacity even further, they go and cede their life insurance policies.This is a strategy that many South Africans opt for, especially when they want to secure that home loan. However, before you ...

When you take out life insurance, you want to take care of your family when you are not there anymore. However, what often happens is that the policyholder doesn’t read the fine print or missed something in the contract, which results in a failed claim.This often leaves families in a sea of devastation seeing that they relied on that money to keep them afloat after you are gone. So, it is always a good idea to take the time to ...

When you sit down to consider taking out life cover to provide for your family after your death, how much should you get? This is a question that many people are unsure of how to answer. What they end up doing is taking a rough guess when they decide. This is what leads to under-insuring.It’s hard to conceptualize how much money your family is going to need after your death. A couple of millions might sound like a lot of ...

You might think that putting plans in place in the event of your death is a macabre idea. And, in truth, it is. But death is inevitable, and preparation is necessary. We live in uncertain times. No one knows when they’ll be meeting their maker.Think about those you’ll be leaving behind. What is going to happen to them? If you haven’t made financial provisions for your loved ones in the event of your death, you’ll be doubling their sorrow.Life Cover: ...

1. Does everyone pay the same premium for Life cover?No. There are several factors that go into determining the premium that should be paid to secure the benefit the policyholder desires. These include age. The younger you are the less you are likely to pay. Statistically, you have more years to go to reach average life expectancy.Lifestyle also plays a part in determining a premium. Being a smoker raises the premium. Your lifestyle can affect your overall health. Many insurers ...