When life cover starts costing an arm and a leg

When life cover starts costing an arm and a leg

Articles, Risk cover

When life cover starts costing an arm and a leg.
Finding out that your life cover (or other risk product) premium has become unaffordable could leave you despairing, particularly if you really need the cover.
It’s not an uncommon scenario – a premium that increases with age coupled to annual benefit increases means your premium could easily double in 10 years and triple in 15 years. It’s impossible for salaries to keep pace, so your premium consumes a larger percentage of your budget each year until you reach breaking point.

The Roll of the Dice

Articles, Risk cover

I have recently been reminded of how fickle life can be. In one short moment, everything we know and assume to be normal, can be turned upside down. I was with a client a few weeks ago, discussing his financial plan. He is a young man of 27, who had not done any form of…