How does a common law wife funeral policy affect your funeral policy? The safest thing to do is to name a person as the beneficiary as the insurer won’t always act as you think they should. In the case below, the insurance firm never…
If you have a casual relationship with a partner who has children that you take care of, it pays to be cautious. Children and funeral cover is a rocky road. With kids involved, it’s important to formalise the relationship as much as possible.…
When it comes to funeral cover, it’s important to name an heir. But what happens with no heir named? With no heir, the executor or your estate gets paid. This can lead to family squabbles and lengthen the payment time. In this post,…
Are separate policies a good idea? Because when you take out a healthcare plan, who is the policyholder? Is it the person paying the premiums or the insured person? Separate policies and An interesting Case Legally speaking, it is the person who enters…
Insurers say that insurance for a part-time student and funeral plans cease at age 21 unless you can prove that the child was studying full-time. Be careful to note the wording of the policy – a full-time student. In a case brought before…
Let’s look at a case that crossed the Ombusdman’s desk, funeral cover and Aids. A nurse, working at a healthcare facility, took out funeral cover for herself and her partner. When she died, her death certificate listed the cause of death as Aids. It…
Most funeral plans allow you to insure adult children up until they are twenty-one. And in special cases, to twenty-six or twenty-seven years of age. There are, however, rules in place that you need to check. For example, is a child covered if they are working…
A stillborn baby is not something that is pleasant to think about. Hopefully, you’ll come home with a bundle of joy. If you don’t however, who will pay for the burial? Here’s a case presented to the Ombudsman for Long Term Insurance –…
Let’s say, for example, you take out life insurance on your brother and, every month, you pay the premiums. Are you the legal owner or is your brother? A case like this was put before the Ombudsman, let’s see how it panned out.…
Funeral claim declined and you want to find a solution? Read on… For most South Africans, the company that we take our policy through has the final say in whether or not our claim is going to be paid. If they decline the…