Personal Life Insurance
Life Cover is the provision of income in the event of untimely death of the breadwinner. The premium is determined by the sum assured and the age of the life insured.
Life Cover
Life Cover provides a lump sum payment to your designated beneficiaries upon your death, ensuring their financial security by covering expenses such as living costs, education, and outstanding debts.
What is Life Cover?
It's a policy that pays a specified amount to your beneficiaries when you pass away.
Who should consider Life Cover?
Individuals with dependents or financial obligations seeking to protect their loved ones.
How is the premium determined?
Premiums are based on factors like age, health, coverage amount, and policy term.
How is your life cover/sum assured determined?
First sun will need to do a needs analysis for you . Click get a qoute for further info.
Funeral Cover
Funeral Cover provides funds to cover funeral and related expenses upon the policyholder’s death, alleviating the financial burden on family members during a difficult time.
What does Funeral Cover include?
It covers costs associated with funeral services, burial, or cremation.
Can I cover my family members under this policy?
Yes, many policies allow inclusion of immediate family members.
How quickly are benefits paid out?
Benefits are typically disbursed promptly to cover immediate funeral expenses.
How is your funeral cover sum assured/determined?
First Sun will need to do a needs analysis for you . Click get a qoute for further info.
Mortgage Cover
Mortgage Cover ensures that, in the event of your death, an outstanding mortgage is paid off, preventing your family from facing the risk of losing their home.
Is Mortgage Cover mandatory for homeowners?
While not mandatory, it's advisable to protect your family's home.
Does the coverage amount adjust over time?
Some policies decrease in line with your mortgage balance; others remain level.
Can this cover be transferred if I refinance my mortgage?
Policies may be transferable; consult with your insurer for specifics.
How is your mortage cover sum assured/determined?
First Sun will need to do a needs analysis for you . Click get a qoute for further info.
Credit Life Insurance
Credit Life Insurance pays off specified debts, such as personal loans or credit card balances, upon the policyholder’s death, preventing the burden from transferring to family members.
Which debts are covered under Credit Life Insurance?
It typically covers personal loans, credit cards, and other specified debts.
Is this insurance required by lenders?
Some lenders may require it; others offer it as an optional benefit.
What happens if I repay the debt early?
Policies may be canceled or adjusted; check with your insurer.
How is your credit life insurance cover sum assured/determined?
First Sun will need to do a needs analysis for you. Click get a qoute for further info.
Investments including Unit Trust & Offshore Investments
These investment products allow individuals to invest in diversified portfolios, both locally and internationally, aiming for capital growth and income generation over time.
What are Unit Trusts?
Pooled funds managed by professionals, investing in a mix of assets.
What are Offshore Investments?
Investments in international markets outside your home country.
Are these investments regulated?
Yes, they are regulated to protect investors' interests.
How is your investments sum assured /determined?
First Sun will need to do a needs analysis for you. Click get a qoute for further info.
Retirement Planning
Retirement Planning involves setting up financial strategies and savings plans to ensure a comfortable and financially secure retirement.
When should I start retirement planning?
It's advisable to start as early as possible to maximize benefits.
What options are available for retirement savings?
Options include pension funds, provident funds, and retirement annuities.
Can I adjust my contributions over time?
Yes, many plans offer flexibility in contribution amounts.
How is your retirement sum assured/ determined?
First Sun will need to do a needs analysis for you . Click get a qoute for further info.
Personal Financial Planning
Personal Financial Planning involves creating a comprehensive strategy to manage finances, including budgeting, saving, investing, and planning for financial goals such as education, home ownership, and retirement.
What does Personal Financial Planning cover?
It includes budgeting, saving, investing, and planning for short and long-term financial goals.
Who should consider financial planning services?
Anyone looking to manage finances better, build wealth, or achieve specific financial goals.
How often should I review my financial plan?
Reviewing annually or when life changes (e.g., new job, marriage) is recommended.
How much does it cost for a personal financial planning?
We would be very happy to have a first session to determine your needs and goals.
How much does it cost for a personal financial planning ?
First Sun will need to do a needs analysis for you . Click get a qoute for further info.
Estate Planning
Estate Planning involves preparing for the management and distribution of your assets upon death or incapacitation. It includes creating wills, trusts, and appointing executors to ensure your wishes are fulfilled and your family is protected.
What is included in Estate Planning?
It typically includes drafting a will, setting up trusts, and naming beneficiaries and executors.
Why is Estate Planning important?
It helps ensure your assets are distributed according to your wishes, minimizing family disputes and tax implications.
At what age should I consider Estate Planning?
It’s wise to start when you acquire assets or have dependents, regardless of age.
Do you have a will?
It is recommended that you have a will and its personally reviewed click on REVIEW WILL for our team to contact you.
FIRST SUN ALLIANCE
FSA was incorporated in 1999 in Botswana as an Insurance Broking company under the provision of the Botswana Insurance Act.