Emryn Wealth is an independent financial service provider that offers various services including life assurance, small business advice, tax, retirement, investments, bond finance & more.
Ryan McCracken, Director at Emryn Wealth, together with Koketso Sachane bring you series featuring sound financial advice each week to help manage your finances better.
Koketso Sachane: What is life cover?
You are ultimately protecting your life or insuring yourself against the loss of your life.— Ryan McCracken, Director at Emryn Wealth
Koketso Sachane: When it comes to life cover, we know that are many products one can take out, what should I be looking out for?
The first step is to ascertain, whether your spouse is an income provider in your household, how old your children are, how long do they still have at school.— Ryan McCracken, Director at Emryn Wealth
You also need to look at things like medical aid plans the family is on, costs of wrapping up your estate and wills.— Ryan McCracken, Director at Emryn Wealth
Koketso Sachane: What is the difference between life cover and a funeral policy?
A lot of the life cover products available in the mainstream market, offer automatic life cover with a funeral policy.— Ryan Mc Cracken, Director at Emryn Wealth
Koketso Sachane: As a broker, how do you have a conversation about death with someone who is reluctant to have such a discussion?
It's imperative for brokers to get know their clients and have them feel comfortable enough to have conversations about death. That also extends to lapsing of policies.— Ryan Mc Cracken, Director at Emryn Wealth
Koketso Sachane: Explain premium patterns?
Premium patterns are ultimately the way that policies are funded.— Ryan Mc Cracken, Director at Emryn Wealth
For more on premiums and other factors to consider before getting a life cover listen to the audio below:
This feature is presented by Emryn Wealth - Creating wealth and protecting your life and your loved ones.