Long-term insurance

How your marital contract affects you

Getting engaged is a momentous occasion and brings with it the excitement of planning your wedding. However, before you make that commitment, there are a few “ifs and buts” you need to consider, such as your marital contract and how it affects you in future. There are three different marital contracts: in community of property,…

What is a financial needs analysis?

A financial needs analysis is carried out by a qualified financial planner to ascertain the current state of your finances and your financial needs. It is not an invasion of your privacy but ensures that you are not sold any particular financial product without an overall assessment of your finances. For example, 20 years ago,…

Mind the gap

It’s key to always assess your long-term insurance requirements, writes Neesa Moodley-Isaacs. A recent survey by the life assurance industry revealed a startling gap of R24 trillion between the amount of life and disability cover that people have taken in South Africa vs. what they actually need. However, before you panic, you need to make…

HIV and life assurance

On World Aids Day today, we look at how the life assurance industry has changed its approach to this illness. An increase in research and a reduced stigma around HIV has resulted in a revision of life assurance products available to HIV-positive clients.  Liberty recently announced that its flagship life product, Lifestyle Protector, is now…

Ombud offers quick route to resolving life assurance complaints

Long-term insurance products, which include life assurance, disability assurance and funeral cover, can be complicated. When disputes arise between assurers and consumers, it is almost always when policyholders want to claim their benefits. Here’s how you can seek redress if you have a dispute with a life assurance company. If you have a dispute with…