We should educate our kids these things, if my parents would have been educated. They could have informed me about these things. At 43, found out about this🙏❤️🇿🇦😘Was very informative, thank you
Thank you so much. You are really equipping a generation with financial wisdom that we never got at school. Started a new job and I’m contributing to a provident fund but had no idea about it’s in’s and out’s. This information really came in handy today. Thank you so much.
l prefer a life over the funeral too but still feel the importance of the funeral one is important as the life policy will come after the burial.Thank you so much sis.
Hi there, I recently joined the group ..I must say you carry an informative channel , I definitely enjoy the content, however I would like to find out if in South Africa , are we provided with an insurance life cover that could become a loan to assist expand cashflow , if there is which companies could you recommend
Thank you for the info, do I need life cover if I don't have children and a spouse? I have it but not sure what for🤔and considering cancelling it to streamline my finances.
Hi Mapalo, thank you for your video on funeral cover and life cover this video is very informative. But theres something I've been told off but I wasnt to sure if I should have it or not, which is gap cover. May you please make a video on gap cover and how it can assist on medical Bill's,and is it necessary to have?
Thank you so much for this video, very eye-opening especially as I am looking into this for my parents as well. Would you advise one to take a funeral policy or life cover from a bank or directly from institutions that offer these?
Rather opt for taking a life cover from an insurance institution mainly because of the benefits an insurance company has over a bank. For example there are insurance companies where a life cover has a retirement benefit meaning when you reach retirement age the policy becomes paid up but you still enjoy the benefits
If a person wasn't sick at the time they took the cover and a decade later they contract a chronic illness are they still required to inform the insurance company? Thanks for the info btw 🙏
Term life cover is to protect your income A whole life cover is to leave a legacy for your kids Therefore when choosing a life cover it should be based on the goals you have either to leave a legacy or to protect your income
Also Mapalo funeral cover is actually expensive, for an example for the same premium funeral cover will be for a super low amount compared to life cover. The solution is to save money and have a funeral fund for immediate family in a savings account and not have extravagant funerals as black people.
eish! now our people will kill you if you tell them NOT to have extravagant funerals! You often hear, 'the casket was so nice and expensive"!!! Like, you've just spent thousands and thousands on something that's going to decompose?!
@@MapaloMakhu what i did was before cancelling the funeral cover was to save an equal amount to what I had covered my parents and siblings for in a savings accounts. Then i increased my life cover.
They just serve a different purpose. Saying life’s superior makes no logic as life covers only the policyholder, funeral however covers your family members when they are dead.
