by adminfwc | Jun 2, 2025 | Financial Planning, Life Cover, Medical, Tax
No. 206 – Whether to keep or cancel a life insurance policy Question I took out a life insurance policy many years ago which will pay out about R20m. I do not need the life cover anymore as the loan it needed to cover has been settled. The current premiums are...
by adminfwc | May 5, 2025 | Estate Planning, Financial Planning, Life Cover, Medical
202 – Life insurance and children: how to do the maths Question We will be having our first baby shortly and I think it is about time that I took out some life insurance. How do I work out how much life insurance I should get? Answer The short answer is that you...
by adminfwc | Jan 31, 2025 | Financial Planning, Investment, Life Cover
190 – Finance basics: budget, emergency fund and debt Question I would like to get my finances in order this year. What is the best way of going about it? Answer I recommend following a systematic approach towards managing your finances and would suggest that...
by adminfwc | Dec 2, 2024 | Financial Planning, Life Cover, Medical
186 – Making the most of a medical aid on a budget Question I would like to join a medical aid after not being on one for the past two years. I’m 39 with a young child and can only pay around R3 500 a month. I’m looking for the following: comprehensive hospital cover...
by adminfwc | Nov 20, 2024 | Financial Planning, Life Cover, Retirement
122 – How utilising a living annuity can maximise the financial health of your heirs Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate of 41%....
by adminfwc | Nov 20, 2024 | Financial Planning, Life Cover
123 – Why cohabiting life partners must get the right will in place Question My life partner of many years passed away last week. We never got around to drawing up a will. What happens now? Answer If someone passes away in South Africa and does not have a will,...
