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Listen: Does it make sense to switch your life cover?

by | Jun 7, 2019

Does your life policy have a surrender value and what happens to all those premiums you paid if you switch to another provider? If you are considering switching, what questions should you be asking? In this week’s My Money, My Lifestyle Podcast, Maya (@mayaonmoney) and Mapalo (@womanandfinance) speak to Liberty expert Henk Meintjes to understand exactly how life cover works and the real value of your existing policy.



  1. Good day Maya
    My husband and I we have a bond with Standardbank which includes a life cover for both of us. In the event when one of us dies it will pay the outstanding amount of the bond. What I don’t understand is the premium for the life cover doesn’t decrease as the bond is decreasing. Please advise

    • Check with the bank but the life cover may have been designed so that it is priced as a declining level of cover. For example it may cost R5000 for the cover in 2000 but R1000 for the cover in 2010 – but they charge a rate in between of R2500 per month. But it is worth checking if it was a mortgage linked life cover or just a set amount


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Maya Fisher-French author of Money Questions Answered

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