Huge jump in your medical costs2010-09-04 Investment income kept most medical schemes in the black last year, despite the shortfall between contributions and claims.[Full
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Investment income kept most medical schemes in the black last year, despite the shortfall between contributions and claims. Read "Huge jump in your medical costs" for the full story. Illustration: Colin Daniel
How to ... use credit life assurance2010-09-04 It is extremely important to have life assurance to cover debt should you die, become disabled or are retrenched, but speciality consumer credit life assurance has a history of exploiting consumers. In the ninth part of our "How to" series on life assurance, we cover the important things you need to know about credit life assurance.[Full
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Fee of 25 percent of trust's interest earnings was an error - law firm2010-09-06 A reader, Ms L, earlier this year complained to Personal Finance that a testamentary trust established on the death of her father in 1998 was subject to unacceptable charges by a Cape Town-based law firm, Millers Incorporated. The only beneficiaries of the HL Will Trust were Ms L and her younger brother. Ms L’s father appointed her and lawyer David Gruss, a director of law firm Gruss Katz, as the ...
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How to ... use disability cover2010-08-28 Disability assurance is one of the most problematic areas of life assurance, accounting for most of the complaints submitted to the life assurance ombudsman each year. In the eighth part of our "How to" series on life cover, we look at the different types of disability assurance and the important issues you need to know.
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Medical scheme contributions increased by double the inflation rate last year, but the claims paid by your scheme rose by more than double the inflation rate, an annual check-up on the financial health of schemes shows. Fortunately, investment income earned on schemes' reserves cushioned their losses, but unless claims are curtailed, you are in for more hefty contribution increases - which are especially difficult for people on fixed incomes, such as pensioners. Personal Finance considers these and other issues arising from the Council for Medical Schemes's annual report.
Also in our weekend print edition:
Unacceptable fees on a trust set up in terms of a will.
Our series on managing your money considers life cover you need to take care of your debts.
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