Life Insurance
What is 'Life Insurance' ?
A person is insured with selected benefit options and when that event happens there will be big life changes,
and you would need money to make those changes.
If no benefit event happens, then there is no insurance pay-out.
Some benefits pay out one single lump sum, and you need to plan to make it last and some are monthly payments till a specific age or for life.
Each individual needs are different, and we can structure a solution for you, incorporating all the different benefits, be it a personal solution or business solution.
Questions to consider:
Are your ducks in a row?
- Do you have a financial plan to make sure that your family, debt and estate are planned in such a manner that if an event would happen that you and your family aren't destitute?
Your family's current living standard, will it be the same ?
- If you would become disabled?
- If you are going through an illness and need time - months or years - to recover?
- If in the untimely event that you could pass away, how would your spouse/partner and children live?
- Have you or your family planned for your care at later stage of your life?
- What if frail care or assisted home nursing become necessary? These can be expensive.
- Are your children active in high risk sport, and if so, have you looked at the implications of a possible life changing accident?
Debt and Agreements
- Would your spouse have to sell assets to pay your estate duty and attorney fees?
- Would your spouse and children have to pay your debt?
- Would your spouse and children lose the family house?
- Your previous marriages and maintenance agreements could impact your wishes relating to your last will and testament.
- Have you signed surety for someone else?
Do you have a Last Will and Testament with Estate Planning?
- Does your estate have enough liquidity to pay all the relevant fees for your wishes to be executed?