Category: Insurance

Preparing in life for what is to come thereafter – investing in life insurance

Preparing in life for what is to come thereafter – investing in life insurance

Writing a definitive thesis on the subject of Life Cover will take us at least 50 pages. World events, such as COVID-19, continuously influence the development of new legislation and policy options. Your needs may change in multiple areas of your life. Your financial advisor will have your back.

How Would You Like Your Payment Served – Upfront Or Hidden Amongst The Veggies?

How Would You Like Your Payment Served – Upfront Or Hidden Amongst The Veggies?

The recipe used by the majority of insurance companies is one which enables the agent (called a seller) to earn a commission for each policy sold. This is how they make their money so that they can eat. This commission is paid in differing amounts – the first helping is the biggest, followed by regular, smaller ones for the duration of the lifetime of your policy.

One size does not fit all

women independent financial securityIn our country, financial planning is seen as gender neutral. The reality is that men and women are often not on an equal playing field and this approach can have serious consequences.

Generally, women live longer than men. This means the effects of inflation have a bigger impact on their retirement income, which is particularly concerning because women do not always earn the same as their male counterparts, which effects the amount of savings they are able to accumulate. Continue reading “One size does not fit all”

Shoddy Short-Term Cover

Car insuranceDealing with insurance companies when trying to settle a claim is a nightmare many of us can attest to. The experience leaves many clients disillusioned, and they tend not to involve their insurers if the damage to their property is minimal.

In two recent incidents, involving MiWay and Auto & General clients, the claimants had no choice but to claim. The accidents were caused when they were rear-ended while stationary at a traffic light. They had done nothing wrong. The vehicles were towed to these insurers’ approved panel beating workshop after the collision. Four weeks later, repairs still hadn’t started on either vehicle. Continue reading “Shoddy Short-Term Cover”