An important part of personal financial planning is ensuring effective financial protection in the event of death, disability, illness and loss of income. Retrenchment cover and education planning, as well as education insurance, is also an area of financial planning, which is receiving a high priority.

We advise clients on the required level of life insurance cover required for these events. On death, there should be enough funds available to settle all outstanding debt, as well as for the provision of income for a surviving spouse and dependants. On disability, funds should be available as a lump sum payment or as a monthly income to cover living expenses. In the event of a debilitating sickness, health insurance cover should be in place to meet financial commitments for additional medical related costs and any lifestyle adjustment expenses,