As a young adult, you probably have a long list of priorities for the future. Perhaps it’s the dream of starting your own business, paying off a new car, or putting down the deposit for a starter home. Usually the last thing on the list is to run out and buy life insurance. keep reading
Wayne Spear, 52, has a busy life as co-owner and Financial Director of a manufacturing company. He is a husband, father and grandfather, and his passion is extreme shore angling, an adrenalin filled activity catching and releasing large fish and sharks from the beach. keep reading
By Brad Toerien – Chief Executive Officer, FMI
There is a general consumer perception that life insurance is complex and expensive and that when you need it most, you have to fight to have your claim paid. As a result, many South Africans are dangerously under-insured. A recent industry study revealed that the average South African only has a third of the cover they need. Not only do people not have enough cover, the cover they do have in place doesn’t necessarily suit their individual needs. keep reading
FMI’s business is based on being able to step in when people’s lives have been affected by illness or injury. In honour of its 21st birthday, FMI wanted to capture 21 of the most inspiring client stories that they have been a part of over the past 21 years in a campaign called #21Lives. So, in April 2017, 21 staff teams set out on a journey across the country to capture these amazing stories in 21 short documentary films.
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#21Lives, Warren Bonn, is a 28-year old IT specialist who was diagnosed with a very rare condition called arteriovenous malformation (AVM) of the tongue in 2015. His tongue became so swollen he could barely speak, eat or close his mouth. Consequently, he spent hundreds of thousands of rand over 2 years, visiting 72 doctors, specialists and surgeons around the country to try and find more answers about his painful condition. keep reading
As advisers we all know that the best way to do this is with a benefit that pays a combination of a lump sum and a monthly income that matches the income stream the client needs to replace. Individuals can then use the lump sum to settle any debts and the income to cover monthly costs like groceries, education and electricity.
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We all know that South Africans are under-insured and this leaves our clients dangerously exposed to the financial consequences of injury, illness or death. Clearly, people would rather spend their money on coffee, expensive dinners and cell phones than on protecting their monthly income that makes it all possible.
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