Life insurance

Life insurance

It’s no secret that life insurance is seen as a “grudge purchase”, but a 2014 survey conducted by Finmark Trust has revealed that 40% of adult South Africans have no insurance at all. According to the survey, they just don’t feel that insurance is affordable.

According to an online survey conducted by NerdWalet.com, some of the most common reasons why people aren’t willing to buy life insurance are:

Women live longer

Women live longer

South African women still earn 28% less than South African men, and they face leaner financial futures because women live longer. Which is why women need tailor-made retirement planning. The 2015 SEB Benchmark Survey highlights that women need to focus on female-specific issues when planning for retirement. For the full survey results on how South Africa women saves, visit Sanlam’s page here. Contact us if you would like to speak to a qualified Financial...
How much risk cover is enough?

How much risk cover is enough?

There is no single answer to the question of how much risk cover you need. It differs from person to person based on your specific financial circumstances and particular needs. A person with no dependants, no debt and significant retirement fund savings would clearly have significantly lower risk-cover needs than someone with a family, significant debt and minimal savings.

Financial adviser

Financial adviser

People who get financial advice tend to get richer – one of the biggest benefits of seeking help with your finances is that, as a result you are likely to invest more money. According to a recent study, a 30 year-old who receives financial advice can save a massive R 800 000 more toward their pension than a person of the same age who doesn’t get any advice. What’s the reason?