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FNB Life expects to approve approximately R100 million worth of credit life insurance claims by June 2020 for consumers whose finances have been negatively impacted by COVID-19. The insurance provider is a division of FNB, which previously announced relief measures for customers including assistance with credit insurance where relevant.
Wills and estate administration company, Capital Legacy, has offered a free, telephonic Will-drafting service with complementary cover for Executor and related fees up to R250 000, at no cost, to South Africa’s healthcare workers in the public sector.
If I get COVID-19, will my income protection or life insurance cover me? And what can I do if I can’t pay my premiums as a result of the pandemic affecting my income? These questions are top of mind right now as the lockdown affects millions of South Africans.
What can retirement funds do to improve client-adviser engagement during members’ employment years?