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When understanding your critical illness cover is critical to correct coverage.
The sharp rise in the cost of living is yet to deter consumers who are in need of funeral cover, even though the gloomy economic outlook might impact future demand, says Lee Bromfield, CEO of FNB Life, the administrative and insurance distribution arm of First National Bank.
In tough economic times, clients are often on the lookout for cheaper rates on certain risk policies. However, there is another window that we need to look at this through. There is an Afrikaans proverb which states that goedkoop koop is duur koop; are your clients really benefitting their pockets in the long run when entering into survival mode?
In her statement, the Minister provided clarity that deductions from social grants may only be made in respect of funeral policies issued by registered life assurance companies and that they may only be applied to adult grants.
What can retirement funds do to improve client-adviser engagement during members’ employment years?