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To The Point
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YES, you never applied for this position BUT it's your responsibility. When you plan for all your dreams, don't forget about Funeral Insurance. The need for funeral cover becomes automatic where the family is entirely dependent on YOU financially.
NATURAL DEATHS:
TOP 10 underlying natural causes of death represent 44% of all deaths, but here are the top 5 (Stats SA, 2018):
> Tuberculosis 6.0 %
> Diabetes 5.9 %
> Cerebrovascular diseases 5.1 %
> Other forms of heart diseases 5.1 %
> HIV disease 4.8 %
NON-NATURAL DEATHS:
The age groups most affected by non-natural causes of death in 2018 were 20-24 years and 15-19. accounting for 49.2% and 42.5%, respectively. Observed age group of 15-29 years accounted for 58.1% of male deaths as compared to 19.8% of female deaths in the same age group.
The main causes of non-natural deaths are:
> Accidental injuries 68.3 %
> Assault 14 %
> Transport accidents 11.4 %
You can't postpone unpredictable situation to the future. When an incident happens, the time to prepare has passed. Even families with sufficient resources are quite vulnerable if someone just merely gets sick.
The time of preparing for the unexpected is now.
It fulfils an unmistakable need (death is not a mistake). Give a gift to your loved ones that doesn't lose value. With funeral covers from Choice Benefits, there's commitment and guarantee for better tomorrow. Avoid buying things that you don't need, because you'll be forced to sell things that you need.
Tracking and tracing your Status: It's always advisable to verify your status to give yourself comfort and a feeling of safety in the knowledge that your funeral insurance, savings, investments, deposits and hard-won earnings are indeed secure. verify!
A caring culture is an art that demand bold steps all the times. Just do it, and don't expect to be understood. Your actions are your best explanations, because the only person who can take care of the older person you will someday be, is the younger person you are now. Cover your extended families.
Choose Choice Benefits immediately as your service provider of choice. With a view to CONFIRM whether a Service Provider is officially registered and authorized to provide the financial services, visit the Financial Sector Conduct Authority (FSCA) here.
Insurance is a contract between the Insurer and Insured whereby the insurer undertakes to pay the insured a fixed amount, in exchange for a fixed sum (premium), on the happening of a certain event (like on death or at a certain age), or compensate the actual loss when it takes place, due to the risk insured.
Administration
- Only licensed insurers may conduct insurance business
- The policy risks vest with the licensed insurer
- Funeral policies are primarily underwritten under the risk of funeral class of the businesses
- Insurer and Intermediary may enter into an intermediary and/or binder agreement
- Intermediary functions include Marketing and selling of policies, maintaining or otherwise dealing with policies, premiums collection and claims administration
- Claims are paid directly to the claimant, unless the claimant has instructed the insurer to pay directly to a 3rd party such as the Service Provider, Burial Society etc
The Purpose
cash value payment
Important Notes
Broker/Intermediary - a legal representative of one or multiple Insurance Companies.
Person - individual human being or a Legal Entity (Juristic Person) eg. Trust, Corporation, Partnership etc.
Insured - "Person" covered by an Insurance Policy.
Insurer - Company who issues an insurance policy.
Applicant - person applying for insurance cover (proposed Insured).
Insurance Policy - a document/instrument in which a contract of insurance is set forth.
Policyholder - person who has the power to exercise the rights and privileges in the policy.
Premium - payment
Insurance - transfer of Risk
Risk - the uncertainty, chance or possibility of a loss
The loss must be due to chance/accidental (out of Insured's control)
The loss must be definite and measurable (cause, time, place and amount)
The loss must be statistically predictable (eg. mortality tables)
The loss cannot be catastrophic (eg. loss is unpredictable with War, Riots, etc) - limit coverage
Insurance may/must not be mandatory (Insurer may set certain underwriting requirements)
Utmost Good Faith - entering a contract with good intentions. No fraud, misrepresentations or concealment.
Insurable Interest - something that must exist between the Policyholder and the Insured (own life, family or employees etc) - must exist at the time of application.
Cancellation - Policyholder cancelling/terminating own insurance policy.
Grace Period - a provision which allow the Insured to remain covered past the premium due date
Lapse - policy terminating due to "non-payment".
Rescission/Rescind - the revocation of a contract (due to material misrepresentation, concealment).
Personal - made just for you, not transferable.
The answer is YES, and the time to act is NOW!
BY NOW, everyone should have literally passed this stage, already:
> "I need to think about it..."
> "It's too expensive..."
> "I'm not sure..."
> "Let me talk with my family..."
> "Alright, sounds good! Let's discuss next week..."
For more on benefit options please visit products:
Why we are so different?
With an understanding that majority of us are just ORDINARY PEOPLE, don't wait for last minutes as you will be forced to take personal loans. We are here as your immediate family member, friend, cousin, uncle, nephew, in-law, partner, provider, security and above all as your last wall of support to lean against when everybody has turned their back on you. Reach out to us now, get a quote!
