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The Truth About South African Life Insurance | Term vs Whole of Life Insurance 

Financially Fabulous Females
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In this video we go over some of the common myths about South African life insurance. What you think you know about life insurance may very well be a lie. This is a very important topic because a lot of people invest into life insurance without understanding the benefits and the cons of whole life and term cover. In this video we go over whole life insurance, which is not really a life insurance as you think it is. We also go over term life insurance, which is the kind of life insurance that covers you for a specific time frame.
Reach out if you need assistance with Life Insurance www.solomonwealth.co.za/getstarted

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12 май 2021

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Комментарии : 50   
@ruanjordaan435
@ruanjordaan435 2 года назад
Life cover is the transfer of risk from a entity that could not afford the risk to a company that can afford the risk for a monthly premium. What I mean by risk is your obligations to your family , contracts , dependants etc. With South african law and the roll up of an estate it is crucial to be insured for the correct amount. I agree totally with what this video is saying , be aware of what you have, the exclusions and structure of your covers. Graet video big thumbs up.
@nathannaidoo7116
@nathannaidoo7116 Год назад
Very interesting topic.
@FinanciallyFabulousFemales
@FinanciallyFabulousFemales Год назад
Glad you think so!
@christinemoeller-leff9358
@christinemoeller-leff9358 Год назад
Do you know anything about "The Greenlight"- product from Old Mutual? Can you please have a video on this product? Thank you.
@FinanciallyFabulousFemales
@FinanciallyFabulousFemales Год назад
I don't know much about it. Best to speak to the company. I don't work with them.
@lubabalobongweni2337
@lubabalobongweni2337 Год назад
I'll be scheduling a call on your site.
@TebogoMalaza
@TebogoMalaza Год назад
Good day please recommend life insurance one can add family members on to build wealth regards
@FinanciallyFabulousFemales
@FinanciallyFabulousFemales Год назад
Please book an appointment if you need financial advice. www.solomonwealth.co.za/getstarted
@segokgooxfordseabelomodise3006
@segokgooxfordseabelomodise3006 2 года назад
Mahikeng, North West.
@qinisogwala7940
@qinisogwala7940 2 года назад
Hi. I want to ask regarding borrowing from one's life policy, do policies in SA offer such?
@FinanciallyFabulousFemales
@FinanciallyFabulousFemales 2 года назад
Only the old policies. New high end policies allow for tax free withdrawal upon retirement and illness
@sithembilexulu4690
@sithembilexulu4690 2 года назад
So they don't allow this
@sgr6683
@sgr6683 2 года назад
Good evening. Specifically in regard to whole life insurance option. is a portion of my insurance money accessible to me as the premium holder at a later stage? If so, upon repayment of the money i extracted from the policy, is the repayment thereof tax sheltered like in some countries in the world? I know this to be a real estate investment practice, where a premium holder would extract money from their whole policy, invest and leverage that money into real estate, upon real estate equity growth the premium holder would extract the invested and leveraged amount (originally extracted amount from the whole policy) out of the real estate equity and repay it back into the whole policy without having tax repercussions.
@FinanciallyFabulousFemales
@FinanciallyFabulousFemales 2 года назад
Certain companies allow for funds to be taken out at times of illness or retirement. I would have you look at your specific policy documents to answer your questions
@theuns5754
@theuns5754 Год назад
i'd also like to know, or which policy i could get that i could lend against
@The.mamamama
@The.mamamama 2 года назад
Good day, are you a qualified Life Insurance advisor? I'd like to book an appointment and ask a few questions. Thank you
@FinanciallyFabulousFemales
@FinanciallyFabulousFemales 2 года назад
Sure, here is the link for online appointments www.solomonwealth.co.za/getstarted
@debbiemcgonigle9513
@debbiemcgonigle9513 3 года назад
My Daughter is a 21 year old Diabetic, are there viable life insurance options or other alternatives.
@FinanciallyFabulousFemales
@FinanciallyFabulousFemales 3 года назад
Yes, lots of options. Reach out, we can help yolanda @ financiallyfabulousfemales.com
@benjaminrobertson254
@benjaminrobertson254 Год назад
Did you get any reply on your question
@jabulaninene6733
@jabulaninene6733 7 месяцев назад
Hi, I hear people talking about getting cover where medicals are done?
@FinanciallyFabulousFemales
@FinanciallyFabulousFemales 7 месяцев назад
A nurse will come to you for medicals
@hubertmyataza3808
@hubertmyataza3808 Год назад
🎉🎉🎉❤
@lindaniblackmogul6643
@lindaniblackmogul6643 Месяц назад
Hi mam do you do whole life insurance in south Africa
@FinanciallyFabulousFemales
@FinanciallyFabulousFemales Месяц назад
Yes, please book an appointment and we can help www.solomonwealth.co.za
@HBIORIGINAL
@HBIORIGINAL 2 года назад
Will I be able to access my life insurance funds BEFORE death? I know this is possible in USA, but I'm asking about South Africa
@FinanciallyFabulousFemales
@FinanciallyFabulousFemales 2 года назад
You have to be with the right product in selected product providers. Not everybody offers this.
@hawickroberts6605
@hawickroberts6605 2 года назад
@@FinanciallyFabulousFemales do you have a video on this?
@FinanciallyFabulousFemales
@FinanciallyFabulousFemales 2 года назад
@@hawickroberts6605 `no, `i need to make one. There is a small clip on my Tiktok channel
@jabulaninene6733
@jabulaninene6733 7 месяцев назад
And how much do you charge for your services?
@FinanciallyFabulousFemales
@FinanciallyFabulousFemales 7 месяцев назад
Please book a complimentary appointment www.solomonwealth.co.za/getstarted
@redeemablesoul
@redeemablesoul 3 года назад
Can i take a life cover out for someone else...e g.my sister.
@FinanciallyFabulousFemales
@FinanciallyFabulousFemales 3 года назад
Yes, you can. As long as there insurable interest. Remember insurance to protect loss of income in case of death.
@WaleedHeincaJacobs
@WaleedHeincaJacobs 2 месяца назад
Please share details of company names
@FinanciallyFabulousFemales
@FinanciallyFabulousFemales Месяц назад
Unfortunately we don't promote companies on this channel.
@elriquedolf
@elriquedolf 2 года назад
can you borrow against your policy in South Africa?
@kirstenventer6805
@kirstenventer6805 2 года назад
I would really like to know aswell
@EvelynLobelo
@EvelynLobelo 2 года назад
Here also for this question.
@FinanciallyFabulousFemales
@FinanciallyFabulousFemales 2 года назад
No you can't, you can do that with your investments, it's called securities leveraging
@elriquedolf
@elriquedolf 2 года назад
@@FinanciallyFabulousFemales 😮😮😮 please do a video on this
@michealleroux1786
@michealleroux1786 Год назад
Very interested in this question, I have been trying to setup a “whole life” insurance policy based on the American understanding of a whole life insurance policy. In essence you borrow against the cash value of your whole life insurance. I will go as far as opening an American LLC to achieve this. However an insurance like this must exist in our country… thanks again for the video and hope to speak more about this.
@sihlemalinga9444
@sihlemalinga9444 2 года назад
Please give us company names
@FinanciallyFabulousFemales
@FinanciallyFabulousFemales 2 года назад
I am in independent advisor so, I don't promote companies in my content
@leftfootforward1153
@leftfootforward1153 Год назад
Why are the glitching this very important information?😭😭😭
@FinanciallyFabulousFemales
@FinanciallyFabulousFemales Год назад
What glitching?
@pogisosehume4228
@pogisosehume4228 2 года назад
Can you please recommend for me a full life insurance for someone who is 49 years for half a million or one million rand and please crunch the number for me what will be the monthly premium and how will the increase over let's say hypothetically speaking I have said aside 30 thousand rand to pay monthly premium for how many years would that 30 thousand last in paying monthly premium I would appreciate your answer and what company you considered have a good reputation and you have vetted
@FinanciallyFabulousFemales
@FinanciallyFabulousFemales 2 года назад
Please book an appointment and I can assist
@user-lv7tq1wq5u
@user-lv7tq1wq5u Год назад
Please help me you call me from pakistan urdu speak
@Nonofo346
@Nonofo346 2 года назад
I wish you were mentioning the names of the companies …🫣
@FinanciallyFabulousFemales
@FinanciallyFabulousFemales 2 года назад
You can speak to your financial advisor for more guidance
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