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Life insurance Payout: Everything you Need to Know

These informative interviews on the important topic of life insurance were first broadcast live on the Expresso Morning Show on SABC3. Now available as video clips, they offer valuable information on how to ensure your family will be financially comfortable after you’ve gone. In this video, Khensani Baloyi, Old Mutual’s Product Expert on Retail Protection Solutions, talks about how life insurance will pay out the amount you agree on with your insurer and qualify for. To arrive at an amount that is appropriate for you, your financial adviser will look at your financial situation and your needs and discuss how much cover you can afford to buy in terms of premiums. For more information, please visit: https://www.oldmutual.co.za/personal/... 0:01 Introduction 0:42 Do we really need life insurance? What are the benefits of life insurance? 1:56 What does the claims process look like? 2:30 Is the payout tax free? How often is it paid out? Is it a lump sum or paid out monthly or annually? 3:16 Why life insurance is crucial #OldMutual #LifeInsurance