Life insurance Archives - Kevin Mills Financial Services

Essential Life Insurance Options for Port Elizabeth Families

Living the good life in Port Elizabeth means soaking up the sunshine, enjoying vibrant sunsets, and building a safe, happy future for your family. While we know the importance of enjoying the present, ensuring our loved ones are protected comes first. And that’s where life insurance for Port Elizabeth families becomes essential.

Why Life Insurance Matters in Port Elizabeth:

Life is unpredictable, even in sunshine-soaked Port Elizabeth. Unexpected events like illness, disability, or accidents can leave your family vulnerable. Life insurance acts as a financial safety net, ensuring your loved ones can maintain their lifestyle and face challenges without burdening them with debt.

Tailoring Life Insurance to Port Elizabeth Needs:

At Kevin Mills Financial Services, we understand that every Port Elizabeth family is unique. We offer a variety of life insurance options designed to meet specific needs:

Young Families: Protect your children’s future and ensure they can continue their education with term life insurance or mortgage protection plans.
Growing Families: Secure your family’s financial stability with whole-life insurance that builds cash value alongside coverage.
Empty Nesters: Ensure your spouse or partner is protected with joint life insurance or single life insurance with guaranteed income riders.
Retirees: Supplement your retirement income and leave a legacy for your loved ones with universal life insurance or guaranteed lifetime withdrawal benefits.

Choosing local Port Elizabeth insurance brokers brings additional benefits:

Personalized Attention: We take the time to understand your family’s unique needs and tailor a life insurance plan that fits your budget and goals.
Local Expertise: We’re familiar with the specific needs and regulations of Port Elizabeth, ensuring your coverage is comprehensive.
Strong Partnerships: We have established relationships with leading insurance providers, offering you competitive rates and access to diverse coverage options.

Get a Life Insurance Quote in Port Elizabeth Today:

Don’t let worries cloud your beautiful Port Elizabeth days. Invest in peace of mind for your family with the right life insurance plan. Contact Kevin Mills Financial Services today for a free consultation. Our experienced advisors will work with you to create a personalized plan that protects your loved ones and secures your future.

Get in contact now to discuss your options

December 2021 – Monthly Newsletter

Happy Christmas!

The Effect of Covid-19 on the Insurance Industry

The Covid-19 pandemic has had a huge impact on all our lives, from our family and friends to colleagues and employees. We all know someone who has died or has become grievously ill! The impact on the life insurance industry has been pronounced, as depicted in the claims statistics that insurers shared in relation to the pandemic.

The insurance industry will have paid out a staggering R25 billion in extra death claims by the end of the third wave. The claims statistics indicate a direct link between vaccinations and a reduction in claims and they are therefore promoting vaccinations as the right thing to do. These claims represent a traumatic loss of life with far reaching consequences, but the insurance companies are unequivocal that vaccinations have a positive impact in reducing COVID related deaths.

Two life insurance companies have advised that with effect from the 1^st December 2021 they will require the official digital vaccination certificate as an underwriting requirement when applying for life cover. The other insurance companies will no doubt follow suit soon.

Whilst we all have the right to choose whether to be vaccinated or not, those who choose not to be vaccinated pose a greater risk to the insurance companies and they therefore may experience higher premiums depending on their risk factors.

How have the markets performed in 2021? Despite the COVID-19 pandemic, 2021 has been a good year for investors!

The year-to-date figures as at the 26^th November 2021 were:

The Johannesburg Stock Exchange All-Share Index: 20%

The MSCI AWCI Index: 27.1% [in Rand]

[The MSCI All Country World Index (ACWI) is a stock index designed to track broad global equity-market performance. Maintained by Morgan Stanley Capital International (MSCI), the index is comprised of the stocks of about 3,000 companies from 23 developed countries and 26 emerging markets.]

The South African Unit trust industry has also provided excellent performance!

The average fund in the South African General Equity sector achieved: 20.57% [high risk]

The average balanced fund in the Multi-Asset High Equity sector achieved: 15.18% [medium risk]

The average fund in the Multi-Asset Low Equity sector achieved: 9.68% [lower risk]

[Figures supplied by Morningstar. The year-to-date figures as at the 31^st October 2021 were:]

So, some cheerful new as we approach the festive season! May you all be filled with the blessing of Christmas!

Christmas Shutdown

Our offices will be closed for the festive season from Thursday 16^th December 2021 and will re-open on Monday 10^th January 2022.

We at Kevin Mills Financial Services CC, Greg, Leonie, Kevin and Colleen wish all our clients, family and friends a Blessed Christmas and Happy New Year! Let us all pray that the New Year will bring an abundance of joy and peace.

“For unto you is born this day in the city of David, a saviour, who is Christ the Lord” Luke 2: 11

August 2021 – Monthly Newsletter

Planning for your family

The Covid-19 pandemic has changed the world as we know it. Who would have been able to imagine two years ago that wearing masks would be mandatory, attending live events would become almost impossible and that many of our basic liberties would be restricted.

Almost everyone knows of a loved one, a family member, friend or colleague who has had their life impacted by the virus. If you or a loved one were to succumb to the virus, would your financial affairs be in order? Would you have sufficient funds available to ensure for the continued care and well-being of your family?

Momentum insurance has launched the Estate Provider Benefit. The Estate Provider Benefit ensures that clients are afforded a properly drafted Last Will and Testament as well as ensuring that your estate will be properly wound up in the most efficient manner. Funds are specifically made available for costs incurred which are often overlooked; executors fees, estate duty, capital gains tax and any outstanding debts.

The Estate Provider Benefit provides an instant cash pay-out within one day of receiving the death claim and ensures any funds left over after the provision of winding up your estate are paid to your beneficiaries.

For more information on the Estate Provider Benefit please contact Kevin or Greg on 041 373 0601.

A reminder to attend our webinar

Kevin Mills Financial Services will be hosting a webinar with Marriott Asset Managers on the 11^th August 2021.

Date: 11^th August 2021

Time: 11H00 – 12H00

Marriott’s Chief Investment Officer, Duggan Matthews, will be discussing the impact of the recent unrest seen in the country as well as highlighting the benefits of Marriott’s International Investment Portfolio and why this is an attractive investment proposition for investors wishing to gain access to global companies with a focus on providing investors with a sustainable and growing future income.

Please contact the office directly should you wish to attend the webinar. We look forward to hosting you for what is sure to be a very informative webinar!