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I am often asked by fellow financial planners what my views are on one or other financial product. The discussion soon turns to why clients like or dislike a certain provider offering. My answers usually disappoint, because I am neither a full time product analyst nor a product peddler.
Cancer is not a common topic that is used in everyday conversation. However, statistics indicate that it is a common occurrence that confronts women in their every-day life. Statistics show that 100 000 South African’s are diagnosed with Cancer each year. 1 in 8 of these South Africans, are female.*
A recent study conducted by FMI revealed that three out of 10 people are likely to face a temporary disability event before the age of 60. The research also confirmed that people invest in permanent rather than in temporary disability cover, with the latter accounting for only 6% of all new disability premiums sold in 2010.
It is said that nothing is certain except death and taxes. While disability is not a certainty, becoming disabled is not as improbable as many of us imagine. How should you go about protecting your clients’ disability risks?
The strongest deterrent against FSP compliance missteps is or should be: