1. Have a cover that has The Ability to change premium patterns cos our needs change. 2. Benefit increase: leveled, fixed or inflation based 3. Guaranteed period: 5year, then increase after review. Ask for 10-15years. Banks gives the lowest period. 4. Pause your cover in times of tough times. Be able to pause without loosing the cover, but if you need to claim during pause period, you cant 5. Future buy: thats for young people who may need to add somethings/benefits when their lifestyle change **Shop on value not on price
I would like to point out that if you apply an inflationary increase to the premium, I would not accept the the benefit doesn't increase by the same percentage
Taking life covers with a company that requires medical examinations can provide you with more accurate coverage tailored to your specific health needs. On the other hand, opting for a company that doesn't require medical exams or underwriting at claim stage, might offer a quicker and easier application process, but the coverage could be more generalized, more expensive and possible non-disclosure which could lead non-payment of benefits.
Negative, Cash back is definitely a thing, I'm A Financial Associate at AVBOB and our clients get cash back every Five Claim free years and they love it 🤷🏾♂️
Just checked my life cover that I have been paying for 2 years and I’m glad I saw this video today and not 40 years later 😅 This is so informative, thank you
Hi I'm 25 and I started working for the government with a salary of N$11000 per month but need a loan to buy land worth 400 and develop a health centers such as pharmacy to leas for a profit . Give advice please.
Just Discovered that Our OM life cover had accelerator which we asked it not be put. One Agent is convincing us to migrate to Sanlam. How good is Sanlam in payouts.
as long as you meet the claims criteria, the company will pay. we weary of jumping companies. Look to make change with your current company first, if the current company does not meet your need, then change.
I wish I was watching this 10 years ago when I was in my 20s. Thanks for the great video
No problem. Thanks for watching
1. Have a cover that has The Ability to change premium patterns cos our needs change.
2. Benefit increase: leveled, fixed or inflation based
3. Guaranteed period: 5year, then increase after review. Ask for 10-15years. Banks gives the lowest period.
4. Pause your cover in times of tough times. Be able to pause without loosing the cover, but if you need to claim during pause period, you cant
5. Future buy: thats for young people who may need to add somethings/benefits when their lifestyle change
**Shop on value not on price
age rated premium...big flag
I am currently an Aspiring Financial Advisor, this channel is so helpful.
Great to hear!
I give you 100% you know how to explain
Glad you understand
Thank you for eye opening. Never thought life cover is significant since I had funeral covers. You gave me a lifetime wisdom
I'm glad the video was helpful to you!
I would like to point out that if you apply an inflationary increase to the premium, I would not accept the the benefit doesn't increase by the same percentage
That bonus point at the end was so personal 😢
Is there a life cover that provides an IUL in south africa?
In South Africa. Can one enjoy access to the death benefit of a life insurance policy while the beneficiary is still alive?
What are benefits of taking life covers with the company that require medical and the one that doesn't when it time to claim
Taking life covers with a company that requires medical examinations can provide you with more accurate coverage tailored to your specific health needs. On the other hand, opting for a company that doesn't require medical exams or underwriting at claim stage, might offer a quicker and easier application process, but the coverage could be more generalized, more expensive and possible non-disclosure which could lead non-payment of benefits.
Is cash backs still a thing in South Africa? Cause I did ask my financial advisor about it and said it is no more. Is that true?
That’s true, there are a few clever alternatives
ruclips.net/video/8a0LVZ_QfM4/видео.html
Negative, Cash back is definitely a thing, I'm A Financial Associate at AVBOB and our clients get cash back every Five Claim free years and they love it 🤷🏾♂️
Hi please share the link to your website
www.solomonwealth.co.za
What does unerwritten mean?
i means you will be asked Questions about your health, and posibly have to do a blood related test.
@Financially Fabulous Females which company do u think gives the best benefits with the lowest price for someone who is 28
Just checked my life cover that I have been paying for 2 years and I’m glad I saw this video today and not 40 years later 😅
This is so informative, thank you
I'm glad you found the video helpful!
Can you leverage life insurance into buying a car?
Do you mean use it as collateral?
@@neowilson1949 yes
Hi I'm 25 and I started working for the government with a salary of N$11000 per month but need a loan to buy land worth 400 and develop a health centers such as pharmacy to leas for a profit . Give advice please.
Look at private funding
Just Discovered that Our OM life cover had accelerator which we asked it not be put.
One Agent is convincing us to migrate to Sanlam. How good is Sanlam in payouts.
Hey 👋 are you asking in terms of life cover or Funeral Cover?
as long as you meet the claims criteria, the company will pay. we weary of jumping companies. Look to make change with your current company first, if the current company does not meet your need, then change.
Good 👍 videos ❤
Glad you like them!