Why choose AIG With a monthly benefit paid from point of claim to the end of the policy term, this cover allows your clients to plan for the future, and the guaranteed income gives them the knowledge that monthly mortgage payments could be maintained, household bills could be taken care of or living expenses could be sorted when they’re no longer able to support their family. Under AIG Family Income Benefit (FIB), your client can choose: Whether the monthly benefit stays at the same level throughout the term of your cover, or increases by 5% of the current monthly benefit each year; Whether to take out single life cover or joint life cover (with the benefit payable once); and Whether...
Continue reading...
What is a family life insurance policy? The types of family life insurance policies. What does a family life insurance policy cover? What is the cost of family life insurance? How can I keep policy costs down? Comparing life insurance quotes. Term life insurance As mentioned previously, term life insurance covers you for a specific length of time - referred to as a 'term'. This type is usually cheaper than whole of life insurance, but you don't have the added comfort of a guaranteed pay-out. For example, if you take out a policy that covers you for 20 years; if you die 21 years later, your family won't receive a pay-out as the policy will have already expired. Term life insurance is usually...
Continue reading...
What is Life Insurance? A life insurance policy states that you will pay premiums to an insurance company over time, and, in exchange, the company will pay a lump sum amount to a designated beneficiary upon your death. The money from your life insurance policy can help pay bills and help support your surviving family members’ living expenses. You may need to adjust the amount of your life insurance policy related to major life events, like buying a home, getting married, or having a child. What are the different types of life insurance available? Whole (or universal) life insurance policies Whole (or universal) life insurance policies are considered permanent. As long as you pay the premium...
Continue reading...
One Family Life Insurance Review For 2020 Engage Mutual originated in 1995, merged with Family Investments in 2015, at which point they changed their name to OneFamily. The insurance provider remains a mutual organisation, meaning it doesn’t have shareholders to pay dividends to each quarter. It’s run for the benefit of its members. Another insurer in the mix is Staysure, which are headquartered in the UK, with offices in Europe too. They’ve built a name for their themselves as the experts in the Over 50s market. OneFamily is partnered with Staysure to provide that insurance plan. So, you could say that in a way, it’s OneFamily who are the experts. See How OneFamily Insurance...
Continue reading...
Lately, the agency’s services have been in particular demand. As higher proportions of women have entered and stayed in the workforce, high-paying employers have demanded more of their workers’ time and paid parental leave remains widely unavailable. Alongside these developments, night-nannying has shifted from a specialty service for the very wealthy to a source of relief for many well-paid urban professionals trying to manage their postpartum lives. (Some well-off families opt for more than just part-time help, of course, hiring live-in nannies who can provide additional care in the early months.) Chrouch, who employs 150 nannies, told me that when she started her business, in the mid-...
Continue reading...
Momentum pays out millions to families of murdered policy holders Momentum said on Thursday that it had since paid out millions of rands to families of murdered policy holders whose claims were initially rejected. This follows the case of a Durban man, Nathan Ganas last year where Momentum initially refused to pay out the R2.4m life policy owed to his wife on the grounds that he failed to disclose a pre-existing condition - elevated blood sugar levels. Ganas was gunned down in his driveway in 2017 and died from gunshot wounds. The company later recanted and paid out the claim amid widespread public anger, in what the company's Head of Retail Life Insurance, George Kolbe described as a...
Continue reading...
I don’t need more life insurance because… …I have coverage through my job …I don’t have any children or my children don’t live with me anymore …My children are grown and don’t live with me anymore Do any of these sound familiar? These are some of the most common reasons we hear when we ask people why they haven’t purchased the life insurance they need. Let’s take a closer look at why life insurance is important for your future. I have coverage through my job. This is one of the most common reasons that people think they don’t need more life insurance. But if you have a family to support, or want to leave a legacy for your loved ones, a policy through your job may not be enough. DID YOU KNOW...
Continue reading...
The Family Life Surveys (FLS) are a set of detailed household and community surveys of developing countries conducted by the RAND Corporation, in collaboration with research institutions in the given countries. The currently available country surveys cover Malaysia (1976-77, 1988-89), Indonesia (1993, 1997, 2000, 2007, 2014), Guatemala (1995), and Bangladesh (1996). Program surveys include: Surveys collected detailed current and retrospective information on family structure, fertility, economic status, education/training, transfers, migration, and many other topics. Each survey also collected community-level data. Survey collected information at the individual and household levels,...
Continue reading...
Life insurance aims to provide a one-off lump sum for your loved ones if you die or are diagnosed with a terminal illness within the term of the policy. Critical illness insurance aims to pay a one-off lump sum to you if you're diagnosed with a specified critical illness within the term of the policy (not all conditions are covered). At Santander we offer these two types of insurance through Aviva. You can buy them separately, or combined. Do I need decreasing, level or increasing cover? You can put your life insurance policy in trust. The lump sum paid out on death is currently free from income and capital gains tax. Your policy may be subject to inheritance tax unless you put it in a...
Continue reading...
funeral plan Get up to R100 000 funeral cover for yourself and add cover for up to 21 dependants, so you only pay for one plan. The Capitec Funeral Plan, underwritten by Centriq Life Insurance Company Limited, is personalised according to your needs. You decide how much cover you need and we calculate your premiums. You can also choose a premium that fits your budget and we’ll calculate the cover - putting you in control of your money. Ways to apply What makes our funeral plan unique? One plan, more cover A combination of high cover amounts and number of lives insured has made us the fastest-growing funeral plan in South Africa (ref: UBS South African Insurance Sector, June 2019...
Continue reading...
