All South African adults
All South African citizens that are over the age of 18 and have an ID document will have access to what Truth About Money offers.
Financial education course, debt management & estate management services
All South African citizens can apply for the financial education course, debt management and estate planning services (drafting of a will, trust for minor beneficiaries, winding up of estates) at no charge. All applications will be evaluated based on the clients’ needs, the motivations put forward, as well as available funding in the 1Life Trust.
Truth About Money’s financial education course is available to the following people:
- Persons from previously and disadvantaged communities
- People who are in personal financial distress would receive preference, and any other interested person depending on their motivation, subject to The Truth about Money’s available funding.
1Life donates a portion of all premiums to fund the Truth About Money initiative.
- Who is The Money School and what qualifies them to offer financial education courses?
The Money School was established in 2012 with a team tallying 12 years’ experience in the financial education industry. The Money School’s Financial Independence course offers individuals the chance to break free from debt and take control of their finances.
- Who is LIPCO and what qualifies them to offer advice on estate mediation?
LIPCO is an award winning legal mediation company. With over 20 years of mediation experience, LIPCO work to save you and your family time, frustration and hard-earned money.
- Who is DebtBusters and what qualifies them to offer debt management services?
DebtBusters is one of South Africa’s most trusted debt management companies, and is devoted to helping South Africans gain financial stability and solve their debt problems. DebtBusters was established in 2008 and helps 96% of their clients find a workable solution to their debt problems.
If you do not have a Boston City Campus or Business College in your area or you are unable to attend the financial course after being accepted, Truth About Money in conjunction with The Money School, will have nationwide seminars and roadshows throughout the year. To find out when the next seminar is in your area, contact us today.
At Truth About Money we believe that by educating one person about the importance of financial understanding we are paving the way for them to pass on this knowledge to the broader community. We strive to equip South African citizens with the tools and education that will enable them to understand and take control of their finances and debt.
Financial education helps consumers be more aware of available financial services and be more confident about using them. Education is also instrumental in enabling consumers to compare financial products and make effective use and choices of these products. Financial education promotes long-term saving and sound planning for retirement as well as for wiser use of credit. Through this initiative we believe that we will make a change in consumer‘s lives. The fact is that even if we only change one life, we have potentially impacted dozens.
From 1Life’s point of view, we have grown significantly over our years of operation and the brand has gained significant strength in the financial services sector. As a result, we feel that we are in a position, as a responsible insurer, to play our part in initiatives that uplift the broader community. We will endeavour to continue with this project as a long term sustainable offer to all South Africans.