08/12/2024
"Have you got the right insurance for your age and stage of life?" - Danie Van Der Poel
https://www.sanlamadvice.co.za/bluestar/westgold/adviser/danie-van-der-poel/13817490492747
There’s a stage in your life where you might be financially preparing to have children, while also supporting your parents and extended family.
This can stretch your finances and cause much stress.
Having a financial plan to navigate the change will be of paramount importance.
TIP: If you find yourself in this position, it is vital to involve a financial adviser to assist you in prioritising your evolving needs.
Make sure the following is in place:
🚑 Medical aid;
💥 An emergency fund;
👍 Sufficient life cover and/or income cover to provide for housing, schooling and other needs;
📚Caring for your children is a long term commitment. Plan for at least 18 to 20 years when you determine the level of life cover in the event of you passing away;
Disability & severe illness cover. It can be a heavy burden on a family if there is insufficient provision in the event of disability or to pay for medical costs and other care;
👶A child or dependant could also have special needs or suffer a life changing event (sickness or disability) and therefore provide for suitable cover where possible, such as Child: Illness and Injury Cover;
😥Funeral cover for the entire family (people do not pass away in a certain order, from eldest to youngest). Provide cover for your children where suitable.
**Do not neglect saving towards retirement during this life stage.
Speak to a financial adviser at Westgold BlueStar
☎️ 0187886628
📧 [email protected]
🏢 Tuscan Building, 70 Annan Road, Carletonville, Gauteng, 2499
