by adminfwc | Nov 20, 2024 | Financial Planning, Investment, Life Cover, Medical
143 – GETTING TO GRIPS WITH LIFE INSURANCE PREMIUMS Question I recently applied for some life insurance and received a quotation with three different premiums included. My broker suggested I take the highest premium (obviously), while I preferred the lowest...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Life Cover
147 – ENSURING YOUR SPECIAL NEEDS CHILD IS TAKEN CARE OF AFTER YOU DIE Question I have a special needs child who needs permanent care. I am concerned about what will happen to him when my wife and I pass away. What should we do now to ensure that he has...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Life Cover, Tax
152 – UNDERSTANDING DEATH BENEFIT PAYOUTS AND THEIR TAX IMPLICATIONS Question My wife recently died and our daughter will be receiving a death benefit payout from her company provident fund. (This is in addition to the group life benefit she had.) We were told...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Life Cover
168 – LET YOUR KIDS TAKE OVER YOUR LIFE INSURANCE POLICY Question I will be retiring soon and have a life insurance policy for about R2.6 million. My monthly premium is R2555 with 7% cover growth and 10% premium growth. I no longer need the cover as I have no...
by adminfwc | Nov 20, 2024 | Business, Financial Planning, Life Cover
178 – How life insurance can protect your spouse if you’re the co-owner of a business Question I founded a successful business 20 years ago with two others. All three of us are actively involved in its day-to-day management. As it is September, I took another...
by adminfwc | Nov 19, 2024 | Life Cover
6 – Funeral policies Question My father has just been to a friend’s funeral and wants to buy a funeral policy. Are they worthwhile and how do we go about choosing one? Answer If you had asked me this question a month ago I would not have felt as passionately...
