Tag Archive: insurance

Weekly Thoughts 22 March 2019

A friend of ours recently had a mild stroke. She is younger than us. She’s OK, but had no insured benefits to help her through it.

A friend and motorbike riding mate – we’ve summited Sani Pass twice together – recently injured himself quite badly while playing indoor hockey. Chasing the ball down the ‘field’, the wall arrived before he could get the flaps down. He hit it at speed. He has recovered, to an extent, but says he’s not sure he’ll ever be 100% again. He has temporary and permanent disability benefits, so financially he should cope.

Then I have a young client who is waiting for a kidney transplant. He has no kidneys at the moment. Does dialysis couple of times a week. Thank goodness his dad and I put some impairment benefits on the sons when they were teenagers. The 5 million has proved crucial in providing income and pay for expenses.

We don’t know when life’s horrible things will arrive upon us. There is no fairness in this game. We just need to know that we have a basic plan that will help.

Weekly Thoughts 17 November 2017

I suppose at a simple level my job comes down to three things: Protecting people against dying too soon, dying too late, or being disabled while they still need to earn an income. Everything else is in between.

Dying too soon is easy to cover: life insurance. Disability the same, insure against it. But dying too late can be a problem, we cannot insure against it. We have to either accumulate enough wealth, win the lotto, or get our children to support us. There is a fourth option however… but better not spoken about.

For the dying too late thing…. there are two ways to deal with ‘retirement’, whatever we wish to call it – the event when our employment contract tells us to go, or when we’re not healthy enough to work, or when clients want to talk to someone younger. The first way is to live on what you have. The second would be to have worked until you have accumulated enough to live how you want to live.

For many, they won’t have the earnings capacity, or the time, to achieve the second. For the first – to live on what you have, it might mean living in a small cottage, with no car, but you might have your TV, your medical aid, a bicycle, a couple of dogs, and a cat, and the ability and opportunity to walk in a forest daily where elusive duiker move and where eagles soar. To this person, this could be peace and happiness, and all that is required.

Often peace and contentment are better achieved by the simple things of life.