How we protect your income
Our products are designed to protect you from the risk of not being able to earn an income due to Temporary Disability, Long-term Disability, and Death.
FMI Individual, our flagship product, allows you to remove the risk of losing your income when you get sick, become injured or die.
Our product philosophy is based on 4 main principles
1. Protecting your ability to earn an income should be the foundation of your financial plan.
That’s why we’ve designed our benefits around 3 key risk events: Temporary Disability, Long-term Disability, and Death.
2. Every plan should start with protecting yourself against Temporary Disability.
Temporary disability is the most likely risk event to happen during your working career.
76% of all our disability claims have been for less than 90 days. These are everyday events that would prevent you from earning an income, with serious long-term consequences for you and your family.
3. You need more Disability
cover than Life cover.
If you die, only your family’s needs have to be considered...
However, if you are disabled, you need to provide for yourself AND your family!
4. You need a combination of Income and Lump Sum benefits for Long-term Disability and
Choose the combination of these that is right for YOU and your family – one size does not fit all.
Income Benefits are ideally suited to meet your monthly expenses such as groceries, education, and insurance premiums.
Lump Sum pay-outs are perfect for paying off your long-term debts, like a bond, and for any once-off expenses such as estate duty.
That's why income protection should be the foundation of every financial plan.
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FMI was the pioneer of income protection for the self-employed, at a time when the industry offered it only to professionals.
More than half a billion rand in claims paid to date. We’ve been able to help our clients when they’ve needed us most!
20 years later, and we’re still committed to creating products that protect you and your family from the risk of not being able to earn an income.
Financial strength from top-notch, specialist business partners
We’re a registered Financial Services Provider with an Underwriting Manager contract from Guardrisk Life. While we’re responsible for the design, promotion, and administration of our products, we too rely on specialists.
Who is Guardrisk Life? A specialist provider of Life Insurance license capacity to Underwriting managers. This means we operate using their license rather than having our own and, in doing so, benefit from their excellent financial credentials.
Reinsurance Group America (RGA) is our preferred reinsurance partner. With life reinsurance in force of 3 trillion dollars globally, our clients take comfort in knowing that our claims paying ability is also backed by the financial strength of a global reinsurance business.
The best of both worlds
This combination ensures you receive personal service and a cutting edge product, whilst feeling safe in the knowledge that we will always have the financial strength to pay your claims.
What we’re most proud about is that we’ve been able to support our clients as they live out their plans and dreams. Behind every claim we’ve paid are real people, with families and businesses, which we’ve been able to support when they’ve needed it most.