The Truth About South African Life Insurance | Term vs Whole of Life Insurance

In this video we go over some of the common myths about South African life insurance. What you think you know about life insurance may very well be a lie. This is a very important topic because a lot of people invest into life insurance without understanding the benefits and the cons of whole life and term cover. In this video we go over whole life insurance, which is not really a life insurance as you think it is. We also go over term life insurance, which is the kind of life insurance that covers you for a specific time frame.

[ruanjordaan]

Life cover is the transfer of risk from a entity that could not afford the risk to a company that can afford the risk for a monthly premium. What I mean by risk is your obligations to your family, contracts, dependants etc. With South african law and the roll up of an estate it is crucial to be insured for the correct amount. I agree totally with what this video is saying, be aware of what you have, the exclusions and structure of your covers. Graet video big thumbs up.

[TebogoMalaza]

Good day
please recommend life insurance one can add family members on to build wealth

regards

[lubabalobongweni]

I'll be scheduling a call on your site.

[debbiemcgonigle]

My Daughter is a 21 year old Diabetic, are there viable life insurance options or other alternatives.

[christinemoeller-leff]

Do you know anything about "The Greenlight"- product from Old Mutual? Can you please have a video on this product? Thank you.

[jabulaninene]

Hi, I hear people talking about getting cover where medicals are done?

[The.mamamama]

Good day, are you a qualified Life Insurance advisor? I'd like to book an appointment and ask a few questions. Thank you

[qinisogwala]

Hi. I want to ask regarding borrowing from one's life policy, do policies in SA offer such?

[sgr]

Good evening. Specifically in regard to whole life insurance option. is a portion of my insurance money accessible to me as the premium holder at a later stage? If so, upon repayment of the money i extracted from the policy, is the repayment thereof tax sheltered like in some countries in the world? I know this to be a real estate investment practice, where a premium holder would extract money from their whole policy, invest and leverage that money into real estate, upon real estate equity growth the premium holder would extract the invested and leveraged amount (originally extracted amount from the whole policy) out of the real estate equity and repay it back into the whole policy without having tax repercussions.

[HBIORIGINAL]

Will I be able to access my life insurance funds BEFORE death? I know this is possible in USA, but I'm asking about South Africa

[jabulaninene]

And how much do you charge for your services?

[elriquedolf]

can you borrow against your policy in South Africa?

[lindaniblackmogul]

Hi mam do you do whole life insurance in south Africa

[TrainZburg]

I join Trans Africa life policy on 2017 me and my husband when i phone for day don't answer but they take our money on SASSA cards every month

[TrainZburg]

I i join Trans Africa life policy on 2017 but now when my phone for them day don't answer

[redeemablesoul]

Can i take a life cover out for someone else...e g.my sister.

[leftfootforward]

Why are the glitching this very important information?😭😭😭

[pogisosehume]

Can you please recommend for me a full life insurance for someone who is 49 years for half a million or one million rand and please crunch the number for me what will be the monthly premium and how will the increase over let's say hypothetically speaking I have said aside 30 thousand rand to pay monthly premium for how many years would that 30 thousand last in paying monthly premium I would appreciate your answer and what company you considered have a good reputation and you have vetted

[ImranAli-tyy]

Please help me you call me from pakistan urdu speak

[Nonofo]

I wish you were mentioning the names of the companies …🫣