Can I borrow from my life policy? I have two life policies with 1Life: one for my wife and one for myself. I am currently unemployed. I asked 1Life if I could borrow against my policy and take a six-month break from paying premiums, but it refused both requests, claiming that my policies would lapse. Please help defend my rights. Name withheld Laurence Hillman, MD of 1Life, responds: 1Life's policies are pure risk policies that cover you for insured events such as loss of life, disability and dread disease. There are no investments attached to this type of policy, nor are there surrender values. At 1Life, we do not offer payment holidays, but you have the option to reduce your cover and premium by contacting our call centre. How do I get into property development? I am a student at Unisa and have an interest in real estate, particularly the rental housing market. I would like to explore business opportunities in the construction of affordable housing. However, all I see in newspap...
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