Herman Coertzen Brokers

24/04/2025

End of Life planner & Journal

01/10/2024

05/06/2024

Introducing our brand new website http://Hermancoertzen.com

11/03/2024

06/10/2023

Momentum Elite Diamond.

20/09/2023

If you pass away without a will, it is called dying intestate. In such cases, the laws of your jurisdiction will determine how your assets and estate will be distributed. These laws are typically referred to as intestacy laws. The specifics of intestacy laws vary from country to country or even within different regions of the same country. Generally, your estate will be distributed among your surviving spouse, children, and other family members according to a predetermined hierarchy. It is important to note that dying without a will can lead to complications and disagreements among family members, as your intentions may not be clearly defined. To ensure that your assets are distributed according to your wishes, it is advisable to have a properly executed will in place. Contact Herman Coertzen brokers for drafting your free Will and Estate planning. Email: [email protected]

11/09/2023

Taking out income protection is an important decision that can offer financial security in case of unforeseen circumstances. Here are some key facts about income protection insurance:

1. Income protection insurance is a type of policy designed to provide a portion of your income in the event that you are unable to work due to illness, injury, or disability.

2. It typically pays you a monthly benefit, usually a percentage of your pre-tax income, which can help cover your living expenses while you are unable to work.

3. Income protection policies can have different waiting periods before the benefit payments start. This waiting period can range from a few weeks to several months, depending on the policy.

4. The benefit period is another important aspect to consider. It determines how long the policy will pay out the benefit for, which can range from a few years to until retirement age, depending on the policy and your preference.

5. Income protection insurance is usually tax-deductible, meaning you can claim the premiums as a tax deduction, subject to certain conditions and limits. It's advisable to consult with a tax professional for accurate tax advice based on your individual circumstances.

6. The cost of income protection insurance can vary based on factors such as your age, occupation, health status, waiting and benefit periods, and the level of coverage you choose. It's important to compare different policies and providers to find one that meets your needs and budget.

7. Income protection insurance can be especially beneficial for self-employed individuals or those who do not have access to sick leave benefits from their employers.

8. Some income protection policies may offer additional features or options, such as rehabilitation benefits, inflation protection, or optional redundancy cover. These features can be helpful but may also increase the overall cost of the policy.

Remember, it's important to carefully review the terms and conditions of any income protection policy before making a decision. Consider speaking with a financial advisor or insurance professional who can provide personalized advice based on your specific situation.

21/08/2023

Taking out critical illness cover is a form of insurance that provides financial protection in the event that you are diagnosed with a serious illness covered by the policy. Here's a short fact about taking out critical illness cover:

Having critical illness cover can provide valuable financial support during a difficult time, as it typically pays out a lump sum if you are diagnosed with a covered critical illness. This lump sum can be used to help cover medical expenses, replace lost income if you're unable to work, or make necessary adjustments to your lifestyle during your recovery.

14/08/2023

Life insurance is a financial product designed to protect your loved ones financially in the event of your death. It provides a lump sum payment, known as the death benefit, to your chosen beneficiaries after you pass away. This payout can help cover funeral expenses, pay off debts or mortgages, replace lost income, and secure the dreams and aspirations of those left behind. Life insurance offers peace of mind by providing financial security for your family during a difficult time.