Dear reader
In the South African context, it's important to clarify the terms being used first.
A "life policy" typically refers to a life insurance policy, which is designed to pay a lump sum to your beneficiaries upon your death. However, if by "life policy" you mean a life annuity, the response changes, so I'll cover both scenarios for clarity.
1. Life insurance policy v living annuity
A life insurance policy and a living annuity serve different purposes in a financial plan. A life insurance policy provides financial protection for your dependants by paying a lump sum upon your death.
This payout is often used to settle debts, provide for education, or cover living expenses.
Denne historien er fra November 09, 2024-utgaven av The Citizen.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 09, 2024-utgaven av The Citizen.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Walk Of Stars for Mes/dan success
First run in 2014, the Dubai Creek Mile (Listed) has been a key prep for the Al Maktoum Mile, the first major race for dirt milers in the UAE.
Alchahine stands out in Abu Dhabi
The return of smart HM Alchahine headlines the seven-race card at Abu Dhabi tomorrow.
Paisley Park to show he still has a winning touch
One has to go back to December 2022 to find the last time Paisley Park was led into the winner's enclosure.
Cup draw function sets the tone
Murphy adds international flair to meeting.
Star power falls short
Hollywood stars including Eva Longoria and Dominic West this week attended a centuries-old charity wine auction in the French town of Beaune, the capital of Burgundy wines, though the sums raised fell short of expectations.
Dinosaur skeleton fetches R116 million
The skeleton of a 22-metre-long dinosaur fetched €6 million (R116 million) last Saturday, AFP learned from auction houses Collin du Bocage and Barbarossa.
Four curated art sales
Strauss & Co will host four curated sales on Monday and Tuesday.
Year-end truck sale
ATTRACTION: SOMETHING FOR EVERY COMPANY AND BUDGET
NO COMPLACENCY
Unfancied Magesi FC count Richards Bay, Orlando Pirates and TS Galaxy among their cup scalps.
Proteas get a raw deal
The Proteas have been extremely hard-done-by with the lack of Test cricket over the current Test Championship cycle, and many of their players as well as head coach Shukri Conrad have voiced their dissatisfaction.
