FNB mortgage protection plan.

[Y'all Qaeda]

My condition does not fall under dread disease, did check, as it diagnosed as an acute incident and not chronic even though it happened twice in two years.

That is messed up.

 

[archibald]

In the times we live now it may be necessary to visit this thread again.
I am of the opinion that the question that must be ask is,What does Bond Protection Insurance not cover.Also,can I arrange my own BPI when applying for a housing loan.

 

[SauRoNZA]

In the times we live now it may be necessary to visit this thread again.
I am of the opinion that the question that must be ask is,What does Bond Protection Insurance not cover.Also,can I arrange my own BPI when applying for a housing loan.

Yes you can arrange your own.

 

[zerocool2009]

The rule is, for a bond below R1kk in FNB its forced. Over R1kk isnt not (that now life cover related)

 

[archibald]

Can anyone tell me what is not covered.

 

[zerocool2009]

If I can be honest ... with all of these stuff -> "insurance and protection " (you must be about beyond half dead before something pays out).

I stopped my income protection years ago !

 

[archibald]

Point taken.

 

[archibald]

I have just received the Old Mutual brochure with regard to Bond Insurance.Quite honestly it is a joke with cover under retrenchment having been suspended.As zerocool2009 correctly state ,one must be beyond half dead ,no one must be stone dead.Is there an alternative in view of the fact that the Banks and the Insurance Companies are in co-hoots?

 

[zerocool2009]

I have just received the Old Mutual brochure with regard to Bond Insurance.Quite honestly it is a joke with cover under retrenchment having been suspended.As zerocool2009 correctly state ,one must be beyond half dead ,no one must be stone dead.Is there an alternative in view of the fact that the Banks and the Insurance Companies are in co-hoots?

Look at all the fine little writing within ANY product related to "life insurance".
I stopped my disability fund because of 2 reasons :

1) When I took the insurance out, if it isnt linked according to my salary, then its automatically defaults to NO cover if something happens.

2) I must be almost on deaths door

So ja ... I gladly stopped it after about 9 years having it (what a waste of money).

There are different products, income protectors and life insurance. But its clearly in the firms side (as they WONT lose).

The guy who invested insurance (from life to personal cover) ... that GUY changed the world and we fund all the nice big buildings with shiny windows.