Death and disability: be covered

As a breadwinner, one’s most important task is the security of one’s financial future and that of your family.

This entails various different aspects in life, which I will briefly mention.

The first and probably the most important fact to be taken care of is “what happens when I die?”

When the breadwinner of a family dies, it is normally followed by absolute chaos.

Over and above the devastation and grief, the loved ones are heavily burdened when the “vultures” set in.

Under normal circumstances, the death of a breadwinner can cause a huge financial void.

This off course can lead to many consequences like the family home, car and other necessities being repossessed by the various financial institutions.

At this time, no family should be so heavily burdened with such severe stress.

To crown it all, even the receiver of revenue realises that this is his last opportunity to grab his “pound of flesh” and I can assure you that he certainly makes use of this.

To take care of these huge burdens, one can soften the blow by having sufficient life cover that will take care of any debts including the outstanding bond on the family home.

Further cash in the estate will be necessary to settle taxes and also provide sufficient funds for one’s family to continue with the lifestyle they are accustomed to.

My advice is that every breadwinner should, with the assistance of a qualified and trusted financial advisor, establish what cash will be needed to allow for a smooth finalisation of one’s deceased estate.

Disability cover is of equal importance.

If one is unfortunate to become permanently disabled, I can assure you that all the normal monthly expenses will continue indefinitely, not to mention the additional medical expenses.

Permanent disability can be caused by an illness or even an accident, but it is wise to be prepared for any event.

Hand-in-hand with permanent disability comes temporary disability.

Temporary disability can be experienced for periods from a few days up to normally two years.

A further form of cover is an income replacement policy.

This is designed to provide one with a regular income during the period of incapacity to ensure one can keep up with one’s monthly expenses.

In these modern times, there is cover against virtually any occurrence.

One can, for instance, enjoy cover against any dread disease like heart attacks, strokes, most types of cancer or kidney failure.

These can be for comprehensive dread disease cover or against a single need dread disease.

If any further information or advice is needed, feel free to phone me on my office number 087805-7712 for a confidential appointment.

Our offices are conveniently situated at 20 Southwell Road, Port Alfred.

We offer ample, free off-street parking, and a ramp for easy wheelchair access.