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Underwriting

Poor Health Could Secure You a Higher Retirement Income

November is Men’s Health Awareness Month. It is estimated that in South Africa, prostate cancer will surpass all other forms of cancer by 2023. But while a diagnosis of prostate cancer would be bad news for your health, it could be good news for your retirement income. In a case study from Just SA, a 79-year-old man qualified for an uplift of 21% above standard rates as a result of his medical history, which included prostate cancer.

This article appeared in FA News, EBNet and Cover.


Longevity favours the rich, but poor also benefit in new generation life annuities

Those from poorer backgrounds tend to have a shorter lifespan than those who are wealthier. People have a right to purchase a life annuity at a price that fairly reflects their individual risk.

While life insurance policies use medical underwriting to charge those who are ill a higher premium, life annuities use underwriting as a fair way of ensuring you get the right income, for life.

This article was published on FA NEWS, EBnet, MONEYMARKETING and COVER