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Many young South Africans believe that financial protection is something you only need once you have children or other dependents. If nobody relies on you financially, the thinking goes, there is little worth protecting.
In 2025, Old Mutual demonstrated its commitment to supporting policyholders during life-changing events by paying out R14.6 billion in claims.
For many young adults, life insurance feels like something to consider later, once they’ve built wealth, started a family, or accumulated assets worth protecting.
Discovery Life claims data shows that serious illness and disability can affect young adults far earlier than many people expect. Over the last five years, Discovery Life paid R378 million in claims to clients under 30.
The strongest deterrent against FSP compliance missteps is or should be: