The recent lockdown in South Africa (and many other countries around the world) has resulted in a tremendous knock to the economy with many companies no longer operational and job losses at an all-time high. This has left many people facing the terrifying thought of living without an income.
Each and every one of us has been impacted in some way and many of us, regardless of our current situations are concerned about how we will be able to provide for ourselves, our families and our staff in the future.
Some may think that now is not the time to make decisions as our future is uncertain, but it is certainly a time to explore solutions for a future that is guaranteed to be different but still requires financial planning.
Financial planning is not just about taking care of our retirement or ensuring that our health, cars and homes are covered, it’s also about ensuring a standard of living.
As human beings, we tend to take our health for granted and don’t often think about not being able to earn an income. Sure, we understand that we could lose our jobs, but then we’d apply for another one, right? Well, yes, maybe…but what if you are incapacitated and unable to perform your job?
Life happens, tragedy strikes and all sorts of obstacles can stand in the way of our success, but there are steps you can take to mitigate the risks.
Liberty Life’s Income Protector benefit is designed to replace either a portion, or all of your monthly income when you are unable to work due to an injury or illness. Your income is covered if you suffer a temporary or permanent inability to work, or suffer a permanent impairment.
Even if you earn an income from two occupations, or receive a performance bonus, you can cover these under the Income Protector Benefit. The benefit gives you the peace of mind that, even if something were to happen to you, your full income can be covered.
Contact your Kainos Financial Advisor today to find out more about the Income Protector and get comprehensive cover for injury, disability or impairment.