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Personal Capital

Life Insurance

Life Cover Covid 19

Life Cover premiums are seemingly set to increase for those unvaccinated.

According to Stats SA, from July 2020 and June 2021, South Africa witnessed both spikes of mortality during the first and second waves of the COVID-19 pandemic, per the 2021 Mid-year Population Estimates (MYPE). The considerable increase in deaths in 2021 (approximately 34%) resulted in a decrease in South Africa’s life expectancy (LE) at birth …

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WHY LIFE INSURANCE PREMIUMS BECOME MORE EXPENSIVE ANNUALLY

Why life insurance premiums become more expensive annually

Are you contemplating acquiring Life Insurance? Before you commit, it is important to understand how the premium escalations on your new policy are determined.  Risk benefits could be either payable on death, disability, or severe illness. Ideally, each benefit should be calculated and cost separately as different terms and escalation/amortisation rates apply from a financial …

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Life-and-Disability-Cover-for-Middle-Class

THE MIDDLE CLASS NEEDS TO UP ITS LIFE AND DISABILITY COVER

South Africa’s social security system is aimed to assist the most indigent in society and is of no benefit to the middle class who must provide their benefits via group life or own insurance provisions in the context of life and disability cover. South Africa’s disability pension for example only pays an amount of R1 860 per …

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