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The difference between age rated and level rated insurance premiums

19 July 2016

When it comes to life insurance, a policyholder will either be charged a level rated premium or one that increases each year at a fixed percentage (i.e. an escalated premium) or in line with the age rated increases matching the increase in risk. It is important for policyholders to understand the difference between these premium patterns so that they can ensure they are paying the most appropriate rate for their life insurance, both now and in future.

Are you saving enough for your child's future?

19 July 2016

Saving for your children’s future is a financial gift every parent would like to provide, especially if it can shape their lives in a meaningful way.

Poor spending habits hamper consumers’ savings

18 July 2016

At least once in the last year, 57% of South Africans found that their income did not cover their living expenses. Recently released in the 2016 Old Mutual Savings and Investment Monitor, this statistic highlights that consumers are understandably struggling to stretch their household budgets, and that many South Africans are not being as financially astute with their spending as they could be.

Saving on insurance in 2016

13 July 2016

For the first time in more than twenty years South Africa’s household savings as a percentage of disposable income turned negative. In light of this and the upcoming savings month, Alexander Forbes Retail, recommends that you evaluate your insurance policy and make sure that you are only paying for insurance cover that you actually need.

quick poll

Question

Do you think short-term insurance broking will survive the AI plus humanoid robotics age?

Answer

Human first always Not a chance Possibly maybe Yes, but reimagined

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