You should be able to financially survive and to maintain your standard of living should you loose your monthly income due to retrenchment.The financial impact of such an event can be devastating. It is crucial to make provision for retrenchment protection as a monthly income payment on top of your employer’s retrenchment package and your own emergency fund. Make provision for at least 10 months. Retrenchment insurance on your life normally provides you with say 60% of your gross monthly income for a period of say 6 months.An exclusion period of 6 months normally applies from the cover start date.
- INVESTING
INVESTMENT : Towards RETIREMENT
You should be able to financially survive, to maintain your standard of living and to look after your health for say the next 30 years after retirement at age 60.Chances are good that you live up to age 90 or more and outlive your retirement capital. To outlive your money is devastating : not being able to provide for yourself, not being able to pay for your medical expenses and not being able to afford frail care. To give you best change to live a meaningful financial life after your retirement you need to start investing as young as possible. The cost of each year’s delay has an enormous negative affect on your retirement capital. Your Employee Retirement Fund is normally not sufficient. You can without sweat and tears contribute towards a retirement annuity and work on retirement today, not in retirement tomorrow. A retirement annuity supplements and or / replaces other pre-retirement investment vehicles and normally offers you a range of options and benefits allowing you :
– to choose committed and / or flexible savings
– to choose monthly premiums and / or lump sum investments
– to choose between various inflation beating funds (low, medium or high risk)
– to choose between leading investment funds
– to choose annual premium increases to keep up with the rising cost of living
– to choose the protection of your retirement with Premium Protection
– payment flexibility when life happens. You can arrange to skip up to a year’s premiums and can choose
whether you want to repay or not
– investment boosters for improved growth on your capital
– attractive tax benefits
Do not ignore the possibility or underestimate the positive value (financial, emotional, health) of starting a second job or career after retirement from your employer. However, do not use your retirement funds as risk capital to venture into any business as this road travelled is filled with failures and you do not have the opportunity to start afresh.
INVESTMENT : for CHILD EDUCATION
You should be able to financially support your child towards his or her career.Educational cost means finances required to train as an Engineer, Architect, Doctor, Lawyer, Scientist, Designer, Draughtsperson, Teacher, Electrician, Plumber, Hairdresser, Beautician, Artist, Chef, Nurse or whatever occupation inspires your child. Head start your child in this very competitive world with an investment policy combined with a premium protection benefit in the unfortunate event of your death or disability. Your child can start his or her career debt free after graduation without the burden of a loan repayment.
INVESTMENT : OFFSHORE
Investro provides comprehensive solutions for offshore investing, helping clients diversify their portfolios and capitalize on international markets. Whether you’re looking to explore opportunities or safeguard against local economic fluctuations, our expert advisers tailor strategies to meet your specific investment objectives.
