When you pass away, your bank accounts will be frozen and your dependants won’t be able to access your money.
The Monthly Expense Benefits is an optional benefit offered by the Estate Preservation Plan. For absolute certainty that your heirs can cope with the routine costs of living while your Estate is being wound up, this benefit provides 12 monthly tax-free payments.
The monthly amount needed to cover your household expenses including groceries, school fees, medical aid, bond etc. (items that have not been provided for through existing life insurance cover)If chosen, a total monthly tax-free payment, of up to R50,000 per month, for 12 months will be paid to up to 2 different beneficiaries to cover their day-to-day living expenses.
Contact Appleton for an estate preservation consultation on 0800 50 60 70 or visit www.appleton.com