ConsumerTalk with Wendy Knowler

3 tips to avoid losing out on life insurance

Remember to update your beneficiary nominations and ensure that the updated nomination is recorded by your insurer, for example, if there is a marriage, a divorce, the birth of a child, the death of a beneficiary. The insurer will pay the death benefit according to the beneficiary nomination.

When taking out a new policy, it's extremely important to disclose accurate, complete information. If you don't, the insurer could repudiate the policy by relying on non-disclosure and any claim may then be declined.

Rather disclose too much than too little, and take time to record everything. There's a lot at stake - the non-disclosure doesn't need to be intentional for the insurer to rely on it as a defence, and the condition you failed to disclose doesn't have to be linked to the cause of the claim, as many people assume.

Seek out the exclusions in your policy, especially around pre-existing clauses. They are usually found in credit life policies. Claims are excluded if they are linked to a medical condition which existed prior to the inception of the policy.


Recommended

by THE NEWSROOM

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
Manufacturers need to spell it out if they shrink their products - Wendy Knowler

Manufacturers need to spell it out if they shrink their products - Wendy Knowler

Many of our fave foods, confectioneries, and household products are getting smaller in size, while not dropping in price.

Commission to charge dodgy CT car salesman after failing to reimburse customer

Commission to charge dodgy CT car salesman after failing to reimburse customer

The dealership owner faces court action after failing to pay back the money for a used VW Passat which broke down after five days.

Tips on how to reduce Listeria risk in foods

Tips on how to reduce Listeria risk in foods

Food scientists are calling it the worst documented listeriosis outbreak in global history. An expert shares food safety advice.

Want to return your purchase? Consumer law doesn't protect buyers remorse

Want to return your purchase? Consumer law doesn't protect buyers remorse

While many retailers have different policies, consumers are not entitled to reimbursement for unwanted gifts, by law.

Check the T&Cs before booking your wedding supplier, warns Wendy Knowler

Check the T&Cs before booking your wedding supplier, warns Wendy Knowler

Consumer journo Wendy Knowler says there must always be a detailed contract in place between bridal couples and wedding vendors.

5 habits of a sussed supermarket shopper

5 habits of a sussed supermarket shopper

ConsumerTalk's Wendy Knowler helps you navigate your trolley successfully through the aisles of your favourite stores.

Popular articles
‘Maimane, Malema will find Ramaphosa harder to deal with than easy-target Zuma’

‘Maimane, Malema will find Ramaphosa harder to deal with than easy-target Zuma’

Afternoon Drive’s Stephen Grootes interviews Senior Research Associate at the Institute for Security Studies Judith February.

Hawks video shows fugitive Ajay Gupta leaving SA

Hawks video shows fugitive Ajay Gupta leaving SA

The Hawks are in possession of video footage showing Gupta, wanted in connection with Vrede dairy farm scandal, leaving SA.

Eusebius says EFF misread the moment by walking out on President's election

Eusebius says EFF misread the moment by walking out on President's election

Eusebius Mckaiser asked callers what they thought of how opposition parties conducted themselves in yesterday's election.

LISTEN: Tannie Evita predicted Ramaphosa would be president in 1994

LISTEN: Tannie Evita predicted Ramaphosa would be president in 1994

Tannie Evita Bezuidenhout shares her thoughts on SA's new president.

Zwane, Dlamini, Muthambi and Gigaba may be axed in Ramaphosa reshuffle - journo

Zwane, Dlamini, Muthambi and Gigaba may be axed in Ramaphosa reshuffle - journo

Cyril Ramaphosa is expected to reshuffle the Cabinet as he takes over from Zuma and makes his mark the National Executive.

Hope Ramaphosa: Cyril never lifted a finger to me, he wouldn't beat a woman

Hope Ramaphosa: Cyril never lifted a finger to me, he wouldn't beat a woman

Cyril Ramaphosa's ex-wife says abuse allegations spread by EFF leader Julius Malema are an attempt to tarnish his reputation.