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EVERYTHING YOU NEED TO KNOW ABOUT LIFE INSURANCE @ www.lifeinsurnce-companies.co.za expectancy is less than 12 months, your cover amount will be paid out. Your cover amount will not decrease while your policy is active. Covers you for the whole of your life Covers you immediately for accidents and natural death. The suicide will be covered after the first two years
Alexander Forbes Life Ltd : Alexander Forbes is a insurance company that has a range of accident and life insurance solutions to choose from. Alexander Forbes also offers life protection plan for women.
Assupol Life : Assupol life cover will basically include just life insurance, at your option or it can also feature other different programs to give payments in the event of disability. Premiums for this policy is paid monthly by R150, natural the premium increases if you want a larger amount of coverage.
Clientele Life Assurance Co Ltd : Clientele life cover insurance will covers one insured life only, anyone between the ages of 18 and 65. who are permanent residence of South Africa.
Discovery Life Ltd : Discovery life insurance allow you access your life insurance cover in times of need,they also guarantee objective when they assess claims. Discovery offers global protection, they offer whole body system coverage and you can also increase your cover without underwriting.
Hollard Life Assurance : Hollard Insurance cover will include automatic accidental death and disability cover to ensure your family are taken care of in the event of some unfortunate accident. Hollard life insurance offer a secure investment portfolio, managed by investment professionals.
Medscheme Life Assurance Co. Ltd : Medscheme life Insurance offers life insurance solutions to corporate and retail markets.
Metropolitan Life Ltd : Metropolitan Life insurance pays out funeral cover within 48 hours from a receipt of a valid claim, it provides you with funds to pay for the funeral.
http://lifeinsurance-companies.co.za
EVERYTHING YOU NEED TO KNOW ABOUT LIFE INSURANCE @ www.lifeinsurnce-companies.co.za Nedgroup Life Assurance Company Limited : Netgroup life is the insurance company that focuses on being a world recognised debt protection and non underwritten coupon assurance provider to the nedbank and old mutual groups
Safrican Insurance Co Ltd : This is a type of insurance company that mainly focuses on affordable funeral insurance.
Sanlam Life Insurance Ltd : Sanlam is a Life insurance company that offers a wide range of financial products including risk cover, investment and savings plans, at this they cover life, trauma, disability, accidents and funerals.
http://lifeinsurance-companies.co.za
EVERYTHING YOU NEED TO KNOW ABOUT LIFE INSURANCE @ www.lifeinsurnce-companies.co.za Steps to follow for life Insurance claim
See if you can find the actual life insurance policy Call the life insurance agent or life insurance company on the life insurance policy. Next fill out the life insurance claim forms Send in the life insurance paperwork
How Much Life Insurance Do You Need? There are different many types of decision to make, Buying insurance is based on income replacement. First determine your unique income replacement needs as they may vary greatly depending on your age. What is Annuity? Annuity can be greatly describe as a great retirement investment. Annuity have some of the same benefits as other retirement plans, An annuity typical doesnt have contribution limits, income limits, or mandatory withdraws like any other plans. How to buy life insurance
In order to to know how to purchase life insurance you will need to determine what type of life insurance you want. There are different types of life insurance for example Term and whole life insurance. Do research and get quotes for life insurance, the most fastest tool to do research will be internet because it has made it possible to easily get quotes online, Make sure that you also talk to life insurance company. They are there to assist you with answers to question you have about particular policies that you cannot get from online quotes Once you have decided on a type of policy or insurance company you want to go through, you can begin applying for life insurance by completing the application for the life insurance. Make sure that you learn about the premium and coverage before purchasing it. In short most companies of insurance will require you have a medical exam completed before they will issue you a policy. Make sure that you sign the policy and pay the premium.
Types of an Annuity
http://lifeinsurance-companies.co.za
Most of life insurance companies consider HIV-AIDS as a high risk condition and they will refuse to cover for anyone infected with HIV-AIDS. Different insurance companies require a fully medical testing prior to cover being granted, should you test positive for HIV-AIDS most of them will not insure your life. Lets say you test negative the company will still require you to submit yourself for a further testing at the end of the window period to ensure that you really not suffering from HIV-AIDS. Other Insurance companies do not cover singles infected with the virus, but they will cover the virus just like any other ailment if you contract the virus after the window period. Individual are always faced with a policy premium increase where a premium was not agreed upon.
Most of the insurance companies do not cover for an individual who lives with HIV-AIDS, since there are insurance companies that cover with no medical examination it is advisable for the individual who live with the disease to choose this type of policy in companies that will cover them.
There are Insurance companies that mainly focus on clients with HIV-AIDS like HIV Insure Life Insurance Company; they are the first product range of its kind to offer this kind of service. they has a unique approach through products that dont look to HIV different as other medical and underwriting conditions., their aim is to provide real solution in the present and future of an ever changing South Africa.
http://lifeinsurance-companies.co.za
EVERYTHING YOU NEED TO KNOW ABOUT LIFE INSURANCE @ www.lifeinsurnce-companies.co.za Annually Renewable Term : This a form of renewable term insurance that provides coverage for one year and allows the policy owner to renew his or her coverage each year, without evidence of insurability. Also called yearly renewable term. Assignment : It can be classified as the transfer of the ownership rights of a Life Insurance policy from one person to another. Beneficiary: This can be the person designated to receive the death benefit when the insured dies. Binder : A temporary insurance policy that expires at the end of a specific time period or when the permanent policy is written. A binder is given to an applicant for insurance during the time the complete policy paperwork is being completed. Cash Benefits : This is the money that is paid to the insured upon settlement of a covered claim. Often found with Hospital Income Programs, cash benefits are paid directly to the insured rather than the doctor or the hospital directly. Cash Value : The equity amount accumulation in a whole life policy. Claim : This will be notification to an insurance company that payment of an amount is due under the terms of the policy. Conditional Receipt :This is a receipt given to policy owners when they pay a premium at time of application. Such receipts bind the insurance company if the risk is approved as applied for, subject to any other conditions stated on the receipt. Contestable Clause : It can be classified as a provision in an insurance policy setting forth the conditions under which or the period of time during which the insurer may contest or void the policy. After that time has lapsed, normally two years, the policy cannot be contested. Example: Suicide. Contingent Beneficiary :This will be the Person or persons named to receive proceeds in case the original beneficiary is not alive. Also referred to as secondary or tertiary beneficiary. Coverage :Most of the Insurance companies use the term coverage to mean either the Rand amounts of insurance purchased (R100,000 of liability coverage).
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There have been steady annual declines in the sale of life insurance policies for the past 20 years (with a few exceptions). In 2002 new policy sales increased by only 3 percent. In 2004 they increased by only 1 percent. In 2006 there was neither an increase nor a decrease. The face amount of individual life insurance policies has generally increased. In 2006, R255,861 was the average size policy sold.
Fifteen percent of husbands and 28 percent of wives have no life insurance. 6 million households (ten percent of families with children under 18) have no life insurance or term life insurance protection. The percentage of families with dependent children that admit theyll have immediate trouble with everyday living expenses is 22 percent. Another 26 percent say that if a primary wage earner dies theyll only be able to cover expenses for a few months.
The average amount of life insurance coverage on insured husbands is R235,600. The average amount of life insurance coverage on insured wives is R147,800. Insured husbands in the RSA. carry enough life insurance to replace their income for only 4.2 years, and wives for only 4.9 years. To meet the expert recommendation of having enough life insurance to replace income for a term of 7 to 10 years, the typical married couple would need to double its current coverage. The percentage of married parents that believe their current life insurance protection is inadequate is 56 percent.
http://lifeinsurance-companies.co.za
EVERYTHING YOU NEED TO KNOW ABOUT LIFE INSURANCE @ www.lifeinsurnce-companies.co.za Fill out the forms Speak to the representative Package the policy and forms and mail them Wait for the check
http://lifeinsurance-companies.co.za