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A paragraph or two in your will is not always enough to ensure your wishes are fulfilled after you’ve died. To protect the inheritance and financial wellbeing of your child or spouse, you might need to consider a testamentary trust.
Writer, strategist and runner, Lisa James* appeared to have it all. A go-getting mother of two, in her mid-40s, she prided herself on her healthy lifestyle and, on top of a carefully planned mix of life insurance, income protection and investments, she had a decent rainy day nest egg. So hitting rock bottom was the last thing she expected.
Empowering small business owners remains fundamental to economic transformation and financial inclusion, and is thus a foremost priority in the partnership between Old Mutual and the South African Funeral Practitioners Association (SAFPA).
Most customers do not realise the importance of providing all required information to insurers at the onset of signing up for cover. What they don’t realise is that dishonesty and fraud result in significant costs to the industry which will ultimately be borne by other customers through higher premiums.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?