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If somebody offered you your perfect life, chances are good that you would grab it with both hands. But the opposite happened recently when three South Africans from the Glacier by Sanlam #FutureFWD retirement campaign said no to theirs, not realising that this was the offer they’d already made themselves.
In volatile markets, capture most of the upside, less of the downside.
The culture of spending, coupled with a poor savings record compounds the risk of many South Africans being unable to afford a decent retirement. This could severely strain the country’s already-stretched social welfare budget.
When we were younger, we were always told by our parents or grandparents that we should never put all of our eggs in one basket. This is great advice, provided that you don’t have to rely on one particular basket of eggs to last you through retirement.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?