Despite increasing awareness about the importance of having life insurance, some consumers remain confused and undecided due to myths that uninformed people spread through the grapevine. Lee Bromfield, CEO of FNB Life says "Death is usually the last subject people look forward to discussing over the dinner table. Similarly, life insurance conversations are viewed in the same light and further perpetuated by misconceptions that this form of cover is complex and not easy to take … [Read more...] about Solving five common life insurance myths
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Pros and cons of fixed life insurance premiums
More often, people choose life insurance cover without fully understanding the difference between fixed and escalating insurance premiums. Knowing the contrast can help you choose cover that best suits your needs. Lee Bromfield, CEO of FNB Life, urges consumers taking out life insurance to make a more informed decision based on their individual circumstances, taking into account their short and long term goals. "Avoid choosing escalating premiums merely because this is the most popular … [Read more...] about Pros and cons of fixed life insurance premiums
Consult your spouse to avoid costly mistakes
Consumers who make that important financial decision to take out life insurance on their spouses should first consult their partners to avoid making costly mistakes. Lee Bromfield, CEO of FNB Life says insuring the life of your spouse involves more than just getting a policy as every committed relationship and marriage is different and has a unique set of financial needs and obligations. "Before embarking on this exercise, couples should first reach mutual understanding on the … [Read more...] about Consult your spouse to avoid costly mistakes
