Life Insurance

Tax changes to disability income benefits - how you will be affected

Joint bonds: Are they for a lifetime or can they be changed to meet changing life needs?

Getting into the property market is something most people aspire to. Sometimes a property requires the ‘money power’ of two salaries, whether it is to get a home you both need or as an investment. A joint bond may then be the only viable way of getting into the market. While it is possible for two people to have a bond issued jointly in their names, problems can occur if relationships end or circumstances change.

Ensure your child gets the most from a beneficiary fund

For children under the age of 18, the loss of a breadwinning parent does not have to mean the loss of financial security. Government’s 2009 amendments to the Pension Fund Act require that trustees of pension funds must ensure that some funds from the pension of a deceased parent meet the basic needs of any minor children, such as food, clothing and school fees.

Momentum announces their 2014 claim statistics

Over the last 13 years more than R130 billion was paid to clients as a result of life-changing events like death, disability and critical illness. This amount was calculated by considering the claims statistics for individual life policies of the largest life insurers in South Africa. It is important to recognise that the overwhelming majority of this cover was put in place by financial advisers as part of a comprehensive financial plan.