Tag - life insurance

Is life insurance really for life?

The inefficient structure of existing life insurance products impact value and sustainability of cover for clients. BrightRock’s needs-matched life insurance addresses these shortcomings by pricing cover correctly for the term and trajectory required. Since its launch in early 2012, BrightRock’s needs-matched life insurance offering has helped to...

The high cost of death

Why death is killing us financially “Around 85% of people’s debt problems start with a death in the family,” says debt counsellor Deborah Solomon. Despite a relatively high penetration of funeral policies, Solomon says the cost of death in families is plunging many middle- to lower-income earners into debt spirals from which they cannot escape...

How to fund your child’s education

When I was in grade one at a government school in 1984, my school fees for the year were 25 cents. I have the receipt to prove it! When my son started grade one last year though, we had to fork out just under R30 000 for the year. Ouch. We’re looking at a cost of roughly R443 000 for a five-year university degree in ten years’ time. So, how...

Choosing the right life insurance

You need to ensure that you have the correct type of life insurance policy in order to leave a legacy. In order to make insurance more affordable insurers have introduced age-rated premiums where you receive an initial discount on your life insurance cover with substantial future premium increases. Although affordable in the early years, over time...

Using life cover to create a family legacy

Leaving an inheritance is one of the main goals identified by retirees when it comes to retirement planning, and while uber-rich families like the Sexwales, Ramaphosas and Zumas have managed to generate enough wealth in this lifetime to keep their families going for generations to come, for many parents just having enough money to be able to...

Every woman should have her own financial adviser

Women have a responsibility to themselves and their family to remain involved in the family’s finances. A recent conversation between friends highlights so clearly the need for married women to get good financial advice. The discussion was about life insurance and my friend admitted that he had very little cover – just enough to pay off his...