Why would you buy ZAR denominated life insurance other than for potential ZAR denominated liability matching? The same reasons why an investor would consider investing directly overseas will apply as to why one would consider buying USD denominated life insurance: …
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The issuance of this type of insurance in South Africa is governed by the Long-Term Insurance Act. A ‘long-term insurer’ is defined as a person registered or deemed to be registered as a long term insurer under the Act. A …
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In theory yes, but they typically don’t. A life insurance policy creates a liability for an insurer and insurers are fanatical risk managers. Should they offer foreign currency denominated policies it would create foreign currency denominated liabilities against ZAR denominated …
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