Page 21 – MoneyShop

What should you do if you get a final Letter Of Demand?

by MoneyShop

Stick up your hand if you have a few credit agreements in place? Now stick up your other hand if you’ve fallen behind with some of your debt...

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Males Age 26 R1 000 000 R228 pm Age 27 R1 000 000 R229 pm Age 28 R1 000 000 R232 pm Age 29 R1 000 000 R235 pm Age 30 R1 000 000 R239 pm Age 31 R1 000 000 R244 pm Age 32 R1 000 000 R248 pm Age 33 R1 000 000 R253 pm Age 34 R1 000 000 R259 pm Age 35 R1 000 000 R266 pm Age 36 R1 000 000 R273 pm Age 37 R1 000 000 R281 pm Age 38 R1 000 000 R290 pm Age 39 R1 000 000 R300 pm Age 40 R1 000 000 R311 pm Age 41 R1 000 000 R323 pm Age 42 R1 000 000 R336 pm Age 43 R1 000 000 R351 pm Age 44 R1 000 000 R367 pm Age 45 R1 000 000 R385 pm Age 46 R1 000 000 R405 pm Age 47 R1 000 000 R426 pm Age 48 R1 000 000 R450 pm Age 49 R1 000 000 R477 pm Age 50 R1 000 000 R506 pm Age 51 R1 000 000 R538 pm Age 52 R1 000 000 R573 pm Age 53 R1 000 000 R612 pm Age 54 R1 000 000 R655 pm Age 55 R1 000 000 R702 pm Females Age 25 R1 000 000 R169 pm Age 26 R1 000 000 R169 pm Age 27 R1 000 000 R169 pm Age 28 R1 000 000 R170 pm Age 29 R1 000 000 R172 pm Age 30 R1 000 000 R174 pm Age 31 R1 000 000 R176 pm Age 32 R1 000 000 R178 pm Age 33 R1 000 000 R181 pm Age 34 R1 000 000 R183 pm Age 35 R1 000 000 R186 pm Age 36 R1 000 000 R190 pm Age 37 R1 000 000 R194 pm Age 38 R1 000 000 R198 pm Age 39 R1 000 000 R202 pm Age 40 R1 000 000 R207 pm Age 41 R1 000 000 R203 pm Age 42 R1 000 000 R219 pm Age 43 R1 000 000 R226 pm Age 44 R1 000 000 R234 pm Age 45 R1 000 000 R242 pm Age 46 R1 000 000 R251 pm Age 47 R1 000 000 R261 pm Age 48 R1 000 000 R272 pm Age 49 R1 000 000 R284 pm Age 50 R1 000 000 R297 pm Age 51 R1 000 000 R311 pm Age 52 R1 000 000 R326 pm Age 53 R1 000 000 R341 pm Age 54 R1 000 000 R359 pm Age 55 R1 000 000 R377 pm Interested in getting a quote from the guys at Stangen? Why don’t you complete the call back from below? Until next time. The Moneyshop Team

How much life cover can you get for R300 per month?

by MoneyShop

Life insurance is one of those purchases most of us will end up making at some point in our adult life. You certainly aren’t thinking about the implications...

Insurance, Life Insurance

What type of retrenchment benefit can you expect, and will it be taxed?

by MoneyShop

The unemployment rate in South Africa is sitting just below 30%. That’s a staggering statistic and the highest jobless rate since the first quarter of 2003. And if...

Money, Tax

How much will I be taxed if I withdraw my pension fund monies?

by MoneyShop

It’s estimated that before you reach the age of forty, you might already be into your 10th job! By the time you contemplate retirement, that figure will probably...

Financial Planning, Money, Retirement Annuities

How Much Money Do I Need To Save Every Month To Retire On R20 000 pm?

by MoneyShop

At some point everyone reading this blog post would like to put their feet up and stop working altogether. The big question is how much do you need...

Financial Planning, Money, Retirement Annuities

You Have The Right To Know Why Your Credit Application Was Refused

by MoneyShop

The thing about “consumer rights” is that most consumers aren’t even aware of them! In fact, there are several pieces of consumer-focused South African legislation that have been...

Borrow, Credit Report, Personal Loan

Find Out Why It’s Smart To Set Your Young Kids Up As “Trust Fund Babies”

by MoneyShop

When you hear the term “trust fund baby” it conjures up images of young rich kids, lying around on super-yachts sipping expensive cocktails they don’t even know the...

Financial Planning, Money, Will & Testament

Feel Like You’ve Been “Duped” Into Signing A Credit Agreement?

by MoneyShop

“Just sign here and here and remember to initial on each page” mutters the salesman who clearly seems unimpressed that he couldn’t switch out his Saturday morning shift....

Borrow

When most of us think about life cover, we don’t necessarily think about the two additional benefits we can bolt onto our policy (disability and critical illness cover). The reason why we often neglect these other risk options is because we either don’t understand what they cover, or we’re simply naïve in our thinking that “our medical aid has that all sorted out”. Put your hands up if you belong to a medical aid? If you do, count yourself lucky. It’s estimated that only 17 out of every 100 people in South Africa belong to a Medical Scheme. The thing is that even the 17% of us, who are fortunate enough to be able to afford private healthcare, understand that our plans don’t cover everything. In fact, if you’ve been a member of a medical aid for a while, it’s fair to say that at some point or another a few of your bills have come back unpaid or not paid in full. In cases where you may not be overly thrilled about having to cough up a few hundred Rand here and there (hopefully not thousands), what would you be thinking and feeling if you got really sick and landed up in hospital for an extended period of time with a life threatening illness like Cancer? Are you 100% sure your medical aid is going to pick up all the bills if you become seriously ill? The truthful answer to this question is, “I don’t really know!” Have you ever taken the time to investigate the Cancer benefits and thresholds on your medical aid plan? Are you covered for R100 000 per annum or R1 000 000 per annum? How much is enough? Being diagnosed with Cancer could end up costing hundreds of thousands of Rand in treatment costs over an extended period of time. Let’s assume for a second that your medical aid only covers a portion, but not all the costs associated with your illness. Do you have enough saved money lying around to pick up these unforeseen expenses? When you take out critical illness cover with a life insurer, the product is designed to pay out a lumpsum of money on the diagnosis of a severe illness. The more comprehensive the product, the more illnesses it covers in the policy definitions. The truth is 90% of all critical illness claims are paid out on the back of the 3 biggies: • Cancer • Stroke • Heart Attack At the very least, you want to make sure that you’ve got these covered. Something else you need to consider is the percentage pay-out on diagnosis. Most people assume that if they have R1 000 000 critical illness cover and they have a minor heart attack, the insurer will pay out the full R1 000 000. This unfortunately isn’t the case. Claims are assessed on a severity basis and paid out accordingly. Your minor heart attack might only get you a 10% pay-out of your R1000 000 which is R100 000. If you can afford it, try and opt for the “max” type products available on the market. That means you are paying a little extra, but if you are diagnosed with one of the “biggies” your insurer will pay out a max pay out (100% of your insured amount). When it comes to insurance, you get what you pay for. If you are going to consider taking out critical illness cover, then make sure you look at the more comprehensive offerings in the market. Nobody plans to get ill, but if it does happen to you, you will be happy in the knowledge that you have enough insurance cover to pay the bills and to get the best medical treatment possible. Until next time. The Moneyshop Team

Do I Need Critical Illness Cover If I Belong To A Medical Aid?

by MoneyShop

When most of us think about life cover, we don’t necessarily think about the two additional benefits we can bolt onto our policy (disability and critical illness cover)....

Critical Illness cover, Insurance, Life Insurance

Ways You Can Spot A Personal Loan Email Scam

by MoneyShop

If you have an email address, you probably get a bunch of promotional mail delivered to your inbox every day. It’s a bit like post you receive in...

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