My wealth protection services include, but are not limited to..
Protecting Income and Wealth
Your ability to earn an income is your biggest financial asset – protect it. Your income determines your lifestyle, your future and your children’s future. Have you considered what would happen in the event that you become disabled or get a severe illness? All those years spent studying and educating yourself in order to earn an income, negated because of bad luck. Don’t let that happen. Insure what you cannot afford to lose. Insure your health and income.
Protecting my Dependents
If you are the breadwinner of your household or if your family depends on you financially then you would want to ensure that they will be able to look after themselves in the event that you are no longer around. Life Cover is the solution. The purpose of a life cover policy is to provide your dependents with sufficient funds to continue their lifestyle should you pass away. The amount of life cover you require is dependent on the amount of debt you have and the income your family would require to continue their lifestyle.
Protecting Children’s Education
We all want to do the best for our children and providing them with a good education sits at the very top of the list. Should death or disability come your way before your children have completed their studies, would their education be halted due to financial constraints? With an Education Protector policy, all education costs for your children will be covered in the event of your death or disability.
Retrenchment is a reality in our economic climate, with thousands of individuals being retrenched every month. Being retrenched is emotionally challenging as the prospects of finding a new job sometimes feels completely out of your control. At the same time, financial pressure to maintain your loans and general living expenses can unnecessarily increase the pressure during this time. A Retrenchment Protector policy will provide you with an income for six months in the event that you are retrenched.
Medical Gap Cover
It has become common for medical specialists to charge fees that are well above the medical aid rate. When this occurs, a self-payment gap is created which you become liable for. These self-payment gaps can be costly at times. There remains a low level of awareness amongst the public as to the extent of this risk exposure. This is due to the mistaken belief that all medical aids provide complete cover for all in-hospital doctor and specialist charges. The reality is that medical aids only provide funding up to the medical scheme’s own pre-determined rate, known as the medical scheme tariff (MST). And because doctors and specialists are free to set their own charges, the MST is sometimes only a fraction of the actual charges. Gap Cover protects you from this unforeseen cost by covering the costs of a self-payment gap.
Drawing up a will
If you have dependents or minor children then it is vital that you have a will in place. The benefits may not be apparent but having an appropriately structured will can make your family’s life immensely easier in the event something happens to you. In addition, a significant amount of tax can be saved if the will is properly structured and most importantly, a will can ensure that your children’s education costs and financial future will be looked after.