All you need to know about Life 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.

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.

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Why your child's imaginary friend is a beautiful gift

Why your child's imaginary friend is a beautiful gift

A good imagination helps develop your child's social and creative skills, explains behavioural psychologist Dr Helgo Schomer.

How to cultivate a ‘trampoline mentality’ (i.e. get results fast)

How to cultivate a ‘trampoline mentality’ (i.e. get results fast)

Meet Musa Kalenga, author of “Ladders & Trampolines: Anecdotes and Observations from a Contemporary Young African Marketer”.

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.

LISTEN: Sars and Judge Dennis Davis battle it out

LISTEN: Sars and Judge Dennis Davis battle it out

South African Revenue Service launched an attack on Judge Davis saying he's undermining it's leadership and misleading the public.

Sanlam offers R1m instant life insurance for R30 (there is, of course, a catch)

Sanlam offers R1m instant life insurance for R30 (there is, of course, a catch)

Like to live on the edge? Are you a mountain biker, trail runner, climber, rugby player or bungee jumper? This may interest you…

Funeral policies now available at FNB ATMs

Funeral policies now available at FNB ATMs

FNB announced that consumers can now take up funeral plans through nearly 6700 FNB ATMs and Slimline devices across the country.

Mbeki used flawed HIV Aids death stats to bolster his Aids denialism says MRC

Mbeki used flawed HIV Aids death stats to bolster his Aids denialism says MRC

Mbeki's focus on the questionable number of HIV deaths reported as evidence to show lower HIV Aids deaths during his presidency.

Credit insurance pays your debts upon death (so your estate remains unburdened)

Credit insurance pays your debts upon death (so your estate remains unburdened)

Learn more about credit insurance – i.e. life insurance that pays off a borrower’s debts in the event of death.

Lewis to refund R44.1 million to its customers to make right its “mistake”

Lewis to refund R44.1 million to its customers to make right its “mistake”

The Lewis Group will refund R44.1 million to a group of its customers for employment insurance it “mistakenly” sold to them.

Do you need an expensive funeral policy when you’ve got life insurance?

Do you need an expensive funeral policy when you’ve got life insurance?

Funeral policies vs life insurance… We discuss what each one is (and isn’t) and whether you need any (or both) of them.

National Credit Regulator takes aim at Lewis after claims of illegal action

National Credit Regulator takes aim at Lewis after claims of illegal action

The NCR has referred Lewis Stores and Monarch Insurance to the National Consumer Tribunal.

Popular articles
Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

The Money Show’s Bruce Whitfield interviews the former CEO of Africa’s largest retailer by far.

CT airport shooting attempted hit on gang boss allegedly linked to '28s' -expert

CT airport shooting attempted hit on gang boss allegedly linked to '28s' -expert

A policing expert explains that the airport shooting may be linked to the shooting at a Stellenbosch nightclub this past weekend.

Almost 30 million SA ID numbers compromised after site hacked

Almost 30 million SA ID numbers compromised after site hacked

Independent Marketing Consultant in the Technology Space, Andrew Fraser says this looks like a leak and not a hack.

Cape Town International Airport shooting could be gang related - ACSA

Cape Town International Airport shooting could be gang related - ACSA

The incident happened in the early hours of Wednesday morning.

Kloof Street residents living in fear as crime multiplies

Kloof Street residents living in fear as crime multiplies

A Cape Town man was stabbed to death on Saturday while trying to assist two women who were being mugged on Kloof street.