We at Genlife Financial Services have a large knowledge-base when it comes to the funeral insurance industry and we would love to share some of it with you. We write on a wide variety topics such as funeral insurance, funeral cover, the software payment devices we use and so much more!
Be sure to keep an eye on this page for new blog posts about the funeral industry as a whole.
Posted: 16 Mar 2020
The Coronavirus disease (COVID-19) is characterized by mild symptoms including a runny nose, sore throat, cough, and fever. Illness can be more severe for some people and can lead to pneumonia or breathing difficulties. More rarely, the disease can be fatal. Older people, and people with other medical conditions (such as asthma, diabetes, or heart …
Posted: 02 Mar 2020
The FSCA found that Channel Life concluded agreements with 168 individuals (referred to as runners) who collected insurance premiums on its behalf. These runners were not registered as representatives of Channel Life as required by the FAIS Act. Channel Life conducted financial services business with individuals who were not lawfully authorised in terms of the …
Posted: 03 Feb 2020
A FSP License is a license which is obtained from the FSCA. This license authorizes certain financial advisers to act as representatives or key individual of the company they work for, in which case the company is the actual registered Financial Services Provider (FSP) License holder. A Financial Service Provider (FSP) is a business offering …
Posted: 01 Apr 2019
So what should one look out for when considering an underwriter for funeral insurance? First and foremost one should identify a company with a solid reputation as a reliable and trustworthy organisation. The industry is regulated by the Financial Services Board, which ensures that clients’ interests are protected and service providers are legitimate.
Posted: 23 Jan 2019
With a population of over 57 Million, the South African funeral industry is vast and potentially lucrative. However, reliable statistics are not available as a large part of the industry is informal and operators are not required to register with industry organisations.
Posted: 10 Sep 2018
Groundbreaking in its approach and application, Gensoft™ is our unique funeral Administration Software specially developed for our clients. We pioneered our software in order to streamline processes and enhance the interaction with Genlife. It is custom-designed to improve the daily management of our clients’ businesses in the funeral financial product industry.
Posted: 20 Aug 2018
A funeral is not a pleasant topic for thought, but the reality is that we all have to plan for it at some stage. A funeral gives friends and family the opportunity to mourn and honour the deceased’s memory and legacy. As there are so many aspects to a successful funeral, it helps to plan and provide for it with adequate Funeral Cover that takes all your wishes into account.