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How often do we sit and worry about our retirement? We purchase retirement products in the hope that it will one day provide us with enough capital to have a comfortable retirement, but how often is this the case in the current environment?
Some time ago we posed the question; what happens to a member’s pension fund assets should he or she die before he or she retires (FA News April 2013).
The life insurance industry has changed substantially over the past sixteen years. Advancements in technology, supported by Big Data analytics, the growing burden of non-communicable diseases and significant strides in medical research, have substantially changed the playing field.
Medical care in South Africa costs a pretty penny. If a person is not a member of a medical scheme, they have to rely on the public healthcare system to cater for their medical needs.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?