The thought of getting old leaves many of us cold. We use euphemisms like Golden Years and Senior Citizens and Mature to make it sound appealing, but there is no getting around the fact that ageing is generally painful. But here you are, brave and ready to get ready for it!
Category: 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?
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.
DIY Life Cover: ‘we repair what your husband has tried to fix’
It is difficult not to be reminded of your mortality if your internet scrolling is regularly interrupted by advertisements for life cover.
Longevity – So much more than Old Bones Creaking at Dawn
One of the advantages of being older, as I told a young friend recently, is that you tend to
become more truthful. You say it like it is, without caring as much about other people’s
reactions.
Fighting the good fight
At a recent CCFM event, someone asked me whether I had ever been sued by insurers for my extreme statements.
Cheaper is not always better
Advertisers have conditioned clients to focus on costs, which is generally a good idea. However, sometimes that is the wrong focus point.
For instance, if a short-term insurer promises the cheapest rates for cover, clients could be tempted to sign up without realising why their premiums are lower. Continue reading “Cheaper is not always better”
One size does not fit all
In 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
Dealing 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”
Check Those Beneficiaries
When was the last time you reviewed your nominated beneficiaries? This is one of those things that we don’t really give much thought to.