Knowing what your life cover will cover

Emryn Wealth is an independent financial service provider that offers various services including life assurance, small business advice, tax, retirement, investments, bond finance & more.

Each week, Director at Emryn Wealth Financial Services, Ryan McCracken and guests chat to Koketso Sachane about useful financial tips and answer listeners' questions.

This week, Ryan McCracken and Koketso Sachane continue to unpack life cover.

Life cover isn't just an extension of a funeral cover or what will happen in the event of your or a loved one's death. A life cover is also crucial for example in the event of physical disability and income protection.

McCracken describes income protection as a way of insuring your income.

It is largely directed at your self employed and commission earner kind of guys.

Ryan McCracken, Director at Emryn Wealth

McCracken notes that income protection does extend further.

A lot of companies have what we call extended benefits on income protection that deal with the long term.

Ryan McCracken, Director at Emryn Wealth

Touching on dread diseases, McCracken says these cover against illnesses. He says there are four main dread diseases, namely cancer, strokes, heart attacks and coronary systems.

An individual needs to be employed permanently before a claim can be assessed, he explains.

Listen to the rest of the interview for Ryan McCracken's advice on claiming for dread disease insurance:


Recommended

by NEWSROOM AI
Read More
Journalist describes night in gang infested Ocean View, Cape Town

Journalist describes night in gang infested Ocean View, Cape Town

Journalist Govan Whittles talks about his experience after spending a night in the middle of gang war in gang riddled Ocean View

New ANC president expected to be announced on Monday morning

New ANC president expected to be announced on Monday morning

Outgoing Deputy General Secretary Jessie Duarte says credentials officially adopted and results will be announced on Monday

All you need to know about Life Cover

All you need to know about Life Cover

Ryan McCracken, Director at Emryn Wealth explains what life cover is and why is it advisable to have one.

Financial Wellness: What you need to know about medical aid schemes

Financial Wellness: What you need to know about medical aid schemes

When shopping for a medical aid scheme you should consider selecting the right and accredited broker says expert.

Financial wellness: Understanding short-term insurance

Financial wellness: Understanding short-term insurance

Emeryn Wealth Financial Services brings you the nitty gritty to help get to the bottom of all your short-term insurance questions.

Financial wellness: Knowing your broker

Financial wellness: Knowing your broker

Ryan Mc Cracken, Director at Emryn Wealth, chats to Koketso Sachane about how to get your financial wellness in check.

Popular articles
[WATCH] The world literally laughs at Donald Trump

[WATCH] The world literally laughs at Donald Trump

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

[LISTEN] Pallo Jordan says leaked Mbeki paper on land is 'unfortunate'

[LISTEN] Pallo Jordan says leaked Mbeki paper on land is 'unfortunate'

The leaked 30 paper, seemingly from the Thabo Mbeki Foundation, has been met with mixed reaction.

SA braces for horrific fuel price increases as oil hits 4-year high

SA braces for horrific fuel price increases as oil hits 4-year high

It's monstrous! The Money Show’s Bruce Whitfield interviews the Automobile Association of South Africa's Layton Beard.

Why installing a dash cam in your car is more necessary than you think

Why installing a dash cam in your car is more necessary than you think

Don't have a dash cam? A legal advisor at insurance broker RBS explains why you might want to reconsider.

Dros rape: 'He was sitting near the kid's play area...he had his eye on her'

Dros rape: 'He was sitting near the kid's play area...he had his eye on her'

The man allegedly attacked the six-year-old inside a toilet cubicle at a Dros franchise in Pretoria on Saturday.

'She says I'm just waiting for this c**lie to move so I can take the photo'

'She says I'm just waiting for this c**lie to move so I can take the photo'

A caller on the Eusebius McKaiser Show, Zeenat says she was called a derogatory word for Indian on Heritage Day.

[WATCH] Vietnam's The Bachelor uproar as female contestants run away together

[WATCH] Vietnam's The Bachelor uproar as female contestants run away together

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.