WFA CONSULt FAQ
Why do I need life insurance?
Every person wants to become financially independent. However, it takes time to accumulate sufficient funds to sustain yourself and your family if you are unable to work or unwilling to work any longer. Individuals will take on life cover that, upon their decease or incapacity, the money will be made available to replace the funds that would have been required in such circumstances.
What makes Discovery a good option for life insurance?
To become financially independent today requires the ability to earn a very good income. Only 2% of people are in that category. Therefore, we would want to spend money on life cover in order to protect our loved ones yet we will want to have as much of the cost or the premium refunded to us. Discovery is the company that has created the most opportunities whereby any person can have more refunded to him or her compared to any other insurance company.
If I have never had life insurance am I not too old now?
Two questions to answer: if you need it, you have to have it. And from a cost point of view, all life cover products are age rated. So whether you are 60 or 21, you will be paying the same rate per R 10 000 cover as any other existing policy owner. Whether you buy the cover now or had bought it 20 years ago.
Who can I designate as a beneficiary on my life insurance policy?
Any natural or legal entity.
How do I know which medical aid plan is a good fit for me and my family?
You will need to do an assessment of your and your family’s health status which will predict the medical cover required.
Will my medical aid cover start immediately?
In most circumstances, yes. You may incur a waiting penalty depending on your health status and previous medical aid membership.
If I want to invest, is there a minimum amount of money I need to invest in the Discovery Investment?
Yes, all companies will determine the minimum amount required when investing. The same rule applies to all other insurance products.
Can you help me to put my investment portfolio together?
Absolutely. Over and above our expertise, all insurance companies will provide expert investment consultants whom their advisors can use in putting portfolios together. That gives investors peace of mind that they will get the correct advice.
What is a group fund benefit? Is it a good fit for me?
A group fund is a selection of cover and savings benefits compiled for a particular group of company employees. Whether it is good for you will depend on your personal circumstances.
Can you help me when I need to process my medical claims?
For sure. We believe that administrative support rendered after the sales meeting is of utmost importance to retain your clients.