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Articles by Brendan Els

Brendan has written 141 awesome articles for us at Insurance Fundi

Brendan

Thumbnail image for How Does That Medical Aid Late Joiner Penalty Thing Work Again?

So you haven’t been on a medical aid scheme before but finally you’ve decided to dig deep into your pocket and apply to become a member. Let’s just say the thought of landing up in a government facility nowadays has moved you swiftly into action. “But why is the medical ...

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Thumbnail image for Do I Need Additional Medicals Everytime I Want Extra Life Insurance?

You’ve moved into a bigger spot (and it’s coupled with a much larger mortgage), the wife’s got another bun in the oven and it’s become pretty evident that you need more life insurance. With your busy schedule the last thing you want is another needle jab in the arm and ...

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Thumbnail image for Is A Funeral Benefit Automatically Included In My Life Insurance Policy?

When you pass away your spouse is going to need some instant cash for a funeral (like in 72 hours). The problem is that life insurance pay-outs take a little longer than a day or two to finalize. So what now? How does your spouse get their hands on quick ...

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Thumbnail image for Why Hasn’t My Darn Medical Aid Claim Been Processed?

“What’s the hold up? I submitted the claim two weeks ago! I need my refund like today because I’m out of pocket!” Sound familiar?  I know why your medical scheme hasn’t refunded you!
It’s because there is missing or incorrect information on the invoice you’ve submitted to your scheme. I can ...

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Thumbnail image for Is There Enough Money To Pay Your Executor?

“Life insurance and executor’s fees. What’s the connection?” If you die you need a valid Will!  And when you have a Will in place, there’s usually an executor whose been nominated to wind up your estate. And just like everyone else that executor needs to be paid. So where is ...

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Thumbnail image for The Wrong Life Insurance Premium Structure Can Cost You Mega Bucks!

Did you know that the premium you pay over to your life insurer each and every month is actually being used to finance the cover you have bought? But like any finance arrangement out there, you have several choices when you put pen to paper. The problem is that you ...

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Thumbnail image for Are Medical Gap Cover Policies Encouraging People To Downgrade Their Medical Aid Cover?

Are the powers that be trying to shut down the health and accident policy space? Seems like it. Will they succeed? I can’t see it happening! So what is the issue here? The argument is that medical gap cover products are encouraging downgrading of medical aid cover (which in turn ...

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Thumbnail image for Is It Possible To Leave My Life Insurance Pay-Out To My Kids?

You can leave your life insurance policy pay-out to whoever you like! I mean it’s your policy, you’ve been paying the premiums on it so why shouldn’t you decide who gets the money when you finally pass on. But before you consider leaving the money to your children, have you ...

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Thumbnail image for Can My Medical Scheme Cancel My Membership?

Are you aware that a South African medical scheme can’t refuse you cover? If you apply to become a member the scheme has to take you on regardless of your age or health status. So if they are obliged to take you on, the assumption is that they can’t kick ...

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Thumbnail image for No NHRPL! Perhaps It’s Open Season For Greedy Healthcare Providers?

If you belong to medical scheme (A) could they be paying providers at a different rate to medical scheme (B)? Shouldn’t there be a standard tariff structure? Only in a perfect world! There actually was a workable framework called the National Health Reference Price List (NHRPL) that all the medical ...

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