Life Hero

In a bid to counter more of your life’s villains, Legal Hero is proud to present a few new hero products.

Life Hero is a product range that falls within the long term insurance industry. In collaboration with Triarc - an authorized financial services provider also with Guardrisk (Guardrisk Life) - we now offer you the following benefits: 

1. Life Cover

2. Disability Cover (Core and Comprehensive) 

3. Dread Disease Cover (Core and Comprehensive)

4. Functional Impairment Cover (Core and Comprehensive) 

5. Income Protection Cover

1. LIFE COVER 

Unfortunately, death is inevitable. As a final courteous act, help us help you enable the loved ones you leave behind.

• 100% of the cover will be paid out if you are diagnosed with a terminal illness with a life expectancy of less than 12 months;
• Your policy may also be ceded as security for a loan;
• 20% of your cover - up to a max of R50 000 (Fifty Thousand Rand) - will be paid to your beneficiary within 48 hours to cover your funeral expenses or as instant cash.

2. DISABILITY COVER 

Life’s villain: 1 in 4 people will become disabled before retirement. 

• 100% of the benefit amount will be paid out as a lump sum to you in the event that you become permanently disabled.

3. DREAD DISEASE COVER

Life’s villain: Various types of cancers and diseases, including heart attacks, strokes, pancreatic failure, loss of vision, major skin burns, Hodgkin’s disease, etc. 

• 100% of the benefit amount will be paid out to you in the event that you become diagnosed with a dread disease;
• Cover helps pay the bills will you are recovering. Note that your medical aid will pay for the cost of treatment for the disease.

4. FUNCTIONAL IMPAIRMENT COVER

Life’s villain: Struggling with daily activities such as walking, washing, eating, etc. due to injury. 

• A percentage of your cover will be paid out to you, depending on the extent to which your ability to do normal daily activities has been impacted. 

5. INCOME PROTECTION COVER 

Life’s villain: Surviving without a salary. 

• Monthly pay-out to help you pay your bills and cover other living expenses while you are unable to earn an income 
• … as a result of a bodily injury or illness to the extent that you are unable to perform the main duties of your occupation on a total or a partial basis

Your cover amount required as well as the relevant premium is based on a needs analysis. Kindly contact your relevant Legal Hero broker or e-mail life@legalhero.co.za for more information.

Intestate Succession 101

Wishing you a fantastic Friday and weekend, 

Legal Hero 

www.legalhero.co.za 

Wills: Five Frequently Asked Questions

This weekend might be a great time to get your ducks in a row and write a Will!

DIY Wills are, however, dangerous and can be declared invalid. If you are a Legal Hero policyholder, rather contact your hero and ask for professional assistance.

5 FAQ's answered: 

1. What are the basic formalities?

a) Write/ type (and print out) your Will and sign at the end of the document;

b) Initial every other page if your Will is longer than a page;

c) Confirm your signature in the presence of two competent witnesses not younger than 14 years;

d) Ask your witnesses to sign the Will at the end of the document in the presence of each other and you (the testator);

e) If you are unable to sign the Will, a mark (such as an “x”) would suffice if the Will is executed (signed and witnessed) in the presence of a Commissioner of Oaths who will then attend to certify the Will as soon as possible.


2. Could a Will without a date be declared invalid?

A Will without a date is not necessarily invalid, but a date would make it easier to interpret your wishes should there be more than one will. Note: a new will does not necessarily revoke our previous Will/s. Wills are read in conjunction with one another as far as possible, unless you explicitly say ‘this Will revokes all previous Wills…’


3. Is it necessary for my two witnesses to actually read my Will?

No, it is not a requirement. The witnesses merely sign to advise that it is in fact your signature on the document/ they saw you sign the document.


4. Can my parents or spouse witness my Will?

Yes, BUT if they do, they will be unable to inherit in terms of the will. A beneficiary to your will may NOT sign as witness. If they do, they will be disqualified from inheriting. You should, however, inform your parents/ spouse/ attorney/ trusted party of your Will and where it is kept. He/she would need to supply the Will when notifying the Master of the High Court of your passing (the deceased estate must be reported within 14 days).


5. Explain to me why I need to appoint an executor in my Will?

The Executor is responsible for administering the estate. Duties include paying creditors of the estate (your debts), receiving claims (if you had debtors), pay the heirs to the estate, etc. whilst in constant communication with the Master of the High Court. If you do not nominate an Executor, the Master of the High Court may appoint an executor. An Executor may also not sign the Will as a witness. If so, he/ she may not act as the appointed Executor. An Executor may, however, inherit in terms of the Will.



Note: a will is presumed to be valid until the invalidity thereof has been proven on a balance of probabilities by the person alleging same. It is strongly advised that you seek professional assistance.

Deceased Estate Administration 101

Hope is being able to see that there is light despite all of the darkness – Desmond Tutu. 

The passing of a loved one is never easy. To make matters even worse, there is a certain amount of legal work that comes with the territory. 

The deceased estate administration process in a nutshell:

www.legalhero.co.za