Fanus Kruger Consulting (Pty) Ltd trading as FKC. FSP nr. 29615
Authorised Financial Service Provider
Reg. No.:2015/324537/07
Risk Management Planning
Effective risk management involves addressing controllable risks while insuring against those beyond one’s control. In financial planning, uncontrollable risks include premature death or incapacitation before retirement, which can disrupt income for oneself and dependents, and hinder the accumulation of retirement capital. Hence, insuring against unforeseen risks is vital for future planning.
Life Cover
Life cover is essential for the following primary reasons:
- Address liabilities and meet any claims against your estate, including estate duty
- Provide sufficient capital for your dependents to maintain their standard of living
Disability Cover
The considerations for life cover are equally applicable to the risk of disability and the inability to earn a living. Disability cover is available in two forms:
- Lump Sum: In the event of disability, a tax-free lump sum will be paid out. The definition of "disability" varies based on the nature of the occupation
- Income Replacement: In cases of temporary incapacitation, an income is provided to replace lost earnings for the duration of the incapacity
Dread disease cover
Dread diseases can occur unexpectedly and impact the sustainability of your investment strategy. It is essential to consider insurance to mitigate potential income loss and expenses resulting from such illnesses.