Financial - page 3

Persfin
Persfin

Be sure you know what you're doing if you cede a life policy

5 Mar 2010 at 10:00pm
Be sure you understand all the implications before you cede a life policy as security for a loan, and be particularly aware of how the cession affects the nomination of beneficiaries to the policy.

Full value of ceded policies lost to widow

5 Mar 2010 at 10:00pm
If you cede a life assurance policy with an investment value as security for a debt, be aware that the bank may not only call in that security if you die, but also if you cannot repay the debt.

Do your loved ones a big favour: draw up a will

5 Mar 2010 at 10:00pm
This week we deal extensively with the problems of cessions of life assurance policies to provide security for loans. It is a complex issue and one that can become a great deal more complex if you do not have a will.

Thresholds for grants to rise

5 Mar 2010 at 10:00pm
The asset and income thresholds for social grants will increase by between four and seven percent from April 1, when the social grant increases also take effect.

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