- MBS Advisors is an Authorised Financial Services Provider (FSP 49600)
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Family Funeral Plan
Family Funeral Plan
The Family Funeral Plan at MBS Advisors is designed to provide comprehensive coverage and support for you and your loved ones during difficult times. Here’s a summary of key features and benefits:
Compliance Department:
If you have any concerns regarding agent compliance with Policy Protection Rules, please contact our Compliance Office at 086 123 5664. We are committed to ensuring that all policies are handled with integrity and in accordance with regulations.
Replacement of Policies:
We advise against policy replacements as they may involve duplication of initial costs charged to the policy. If replacement is necessary, a Replacement Policy Advice Record should be completed by the advisor of new business.
Cooling-off Cancellation:
You have the right to cancel your policy within 31 days of receiving the documentation. Written cancellation is required, and any premiums paid (less policy provisions) will be refunded, and your policy will be canceled.
Premium Analysis:
The monthly premium includes all commissions, fees, and administration charges allowed by legislation. Detailed breakdowns of these amounts are available upon request for transparency
Other Conditions:
- Outstanding premiums at the time of death will be deducted from the benefit.
- Benefits are effective after payment of the second premium.
- The policyholder has the right to view the master policy for additional information
Terms and Conditions: Repatriation
- For funerals between 50 km and 150 km away from home, we arrange travel and pay up to R100 per person (maximum R400) for up to four immediate family members to attend the funeral.
- For funerals over 150 km away, we cover up to R500 per person (maximum R2,000) for the same number of family members.
- Benefits are service-related and must be coordinated through our call center at 0801 313 313.
- Responsibility for any incidents during service provision lies with the service provider.
Our Family Funeral Plan ensures that your family receives the necessary support and assistance during challenging times.