The life insurance mistakes costing South Africans their claims
Most people who discover there is an issue with their life insurance cover only do so when it is time to claim, by which point it is too late to fix.
Mistake 3 – Not knowing what’s covered Morata says most people don’t read their policy documents, leaving them vulnerable to uncovered risks or paying for cover they don’t need.“It depends on the product, but common examples for life insurance include suicide in the first two years, and exclusions for health conditions you already had when you applied for cover.
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