How We Saved Prisci* R201 In Funeral Policy Premiums
Prisci* came to us because she had five funeral policies.
She was worried that she wasn’t coping with the premiums and she was scared of cancelling them in case someone in the family passes away.
We looked at all the policies and she had to retain two as they were in place for her dad, who is already over 70 years old. We managed to give her one policy covering herself, her children and partner – this single policy replaced the other three so she cancelled them and is now left with one.
Total number of replaced policies = 3
Total premium of old policies = R573/pm
New policy = R372.07/pm
Amount saved R573 – R372 = R201
Incorporated in her new life cover is a funeral policy that covers up to nine relatives and a bonus of R 289 399.37 payable when she turns 70 years old.
You too could save yourself a lot of money and potentially get more benefit for a lower premium.
You can use the extra money towards your #MoneyGoals2023 piggy bank.
Contact us if you want to re-look at your policies, the premiums and the benefits.
Prisci* is not her real name.
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