With funerals in South Africa costing between R20 000 and R80 000 on average, funeral cover has become a necessity if you want to ensure the dignified last rights of your loved ones while alleviating the financial burden at a time of mourning. With an array of policies on offer in the market, it is important to understand your needs as well as what each policy will and will not provide.
In the information age in which we live, we are often bombarded with offers to take on Funeral and other financial cover. While many of these financial instruments should be considered essential, many people shy away from taking them on simply because they have preconceptions about what is being offered and how they work.
Mother’s Day falls on Sunday, 8th May, and for many of us, it seems to have crept up really quickly this year! So, if you’re out of ideas on what to do, we are here to share our top 5 ways you can show your mother some love without breaking the bank! As with all things financial, we believe that a huge part of achieving your financial goals is setting goals, devising a plan, and sticking to the plan pretty strictly!
When it comes to choosing the right funeral cover for your family’s needs, it is vital to look at the T’s & C’s when comparing quotes. By doing so, you will reduce the risk of making a mistake that could potentially invalidate your policy. In South Africa, between 50% and 60% of complaints relating to funeral plans put before the Long-Term Insurance Ombudsman are about unpaid claims due to the conditions of the policy not being met.
If you’re interested in learning more about Estate Planning and why it could be so valuable to investigate, then you’re in the right place. This blog will take you through the ins and outs of Estate Planning and hopefully provide a clearer picture to you on what it all entails.
This upcoming long weekend, we encourage you to take a moment and remember why it is a long weekend in the first place. On Monday, 21 March 2022, it is Human Rights Day. This public holiday is a reminder that you do have basic human rights. These human rights apply to everyone, despite the situation and circumstances you may find yourself in.
There are a few options to choose from when looking to consolidate your debt. Some people look to get a debt consolidation loan but the interest rates can be high meaning you pay off more for your debt overall. If you are already behind on your repayments you are unlikely to qualify for a loan to consolidate your debts and you may want to explore debt review.
Now, you may be thinking… It’s ridiculous how many ‘national days’ have been adopted! National best friends’ day, National adopt a pet day, National plant a plant day, National pizza day etc. etc. etc. But this is one we can actually get behind! This is because we support the real value of bringing your own lunch to work … financially and health wise.
As the Covid-19 pandemic has had devastating effects on the South African economy, individuals in South Africa have likely all felt the effects of the pandemic incredibly personally. On a financial level, some South Africans have taken out loans and acquired debt that they are frankly unable to pay back. Debt counselling and the debt review process is the solution - and although it's not always smooth sailing if you don't get the right partner - it's nothing to be afraid of...
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