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STATUTORY DISCLOSURE IN TERMS OF THE LONGER INSURANCE ACT The purpose of this document is to confirm my details to you and to explain my role as a Financial Planner for GAP Financial Planning (Pty)
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Term insurance provides coverage for a specific period, or term, typically ranging from 10 to 30 years.
Individuals who wish to insure themselves or their loved ones for a specific period.
To fill out term insurance, individuals need to provide personal information, choose coverage amount and term length, and pay premiums.
The purpose of term insurance is to provide financial protection to beneficiaries in case of the insured individual's death during the policy term.
Information such as personal details of the insured, beneficiaries, coverage amount, term length, and premium payment details.
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