Employee life insurance vs. personal life insurance: the pros and cons
June 2007
So you bagged your dream job and besides from scoring a car, cellphone and entertainment allowance, life insurance has been included in your package too. Wonderful! Now you can just sit back, relax and let your new, generous company handle all the policy administration, right? Wrong!
A healthy lifestyle can result in healthy life insurance premiums
May 2007
As the economy toughens, the cost of living goes up. This simple, yet totally disheartening formula has caused many South Africans to look for ways to restructure their monthly budgets and cut-down on costs. Being a grudge purchase, insurance is often one of the first things to get crossed off the list.
However, even though life insurance is intangible, it is an absolute necessity and the good news is that there is a way in which you can reduce your life insurance premium.
Notify your life insurer before you go on holiday
May 2007
Inside every one of us is a deep seated desire to explore 'greener pastures'. Convinced that there is a better life for us somewhere out there, or just for the thrill of it, in a moment of sheer abandon we leave behind the drudgery of our everyday routines and head abroad.
SA's only direct insurer speaks out about the Loa's decision to do away with its HIV/AIDS exclusion clause
April 2007
According to an official release issued by the Life Officers Association (LOA), from the beginning of April, insurance companies who are members of the LOA will no longer apply existing HIV/Aids exclusions to life and disability policies.
Young, suited, booted and purchasing life insurance
February 2007
If you think that the young executive who has just joined the corporate world is stereotypically blowing his or her newly acquired cash on trendy fashion accessories, fancy cars or the latest and greatest electronic gadgets, think again.
There is a new breed of financially savvy youngsters who are nowadays taking more responsibility for their overall wellbeing than ever before. There goes pigeonholing right?
Life insurers must say what they mean and mean what they say
January 2007
The new National Credit Act and various other pieces of legislation have in recent years placed increased emphasis on the obligation of the financial services sector to provide consumers with information in plain and understandable language.
However, the move towards using plain English has yet to gain considerable momentum in the life insurance industry where consumers are still battling to crack the lingo and interpret the fine print in their policy books and contracts.
Life insurance is crucial for all South Africans
October 2006
The 2005 FinScope survey into financial usage and behaviour in South Africa found that only 13% of people have some form of life insurance. Insurance penetration levels remain extremely low in the LSM 1-5 population and only 4% have formal life assurance cover. Many people claim not to understand life insurance works and give unaffordability as the main reason for not buying cover.
New trend emerges in life insurance
October 2006
It has been said that men are traditionally more diligent in ensuring that they had adequate life insurance coverage. Internationally, statistics speak of 64% of American women having no life insurance at all and those that do have a life insurance policy, carry about half the amount of coverage than men do.
Carltonville resident wins R100 000.00 to realise her lifelong ambition
October 2006
Having spent the past sixteen years in the South African Police Service, Carltonville resident, Mrs Lucindi Oosthuizen, has seen it all. Horrific violence and abuse is something she has to deal with on a daily basis. Understandably she never wants her three young daughters to experience the trauma she has witnessed.
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