Talk 19 November 2020

8 Advertising & Newsdesk: (046) 624-4356 Find us on Facebook 19 November 2020 TALK OF THE TOW N
SCHOOL PICS
SWEET
T R E AT S :
School is even
more fun when
you can make
something
delicious to eat
as Lulu George,
from El Shaddai
Christian
A c a d e m y,
discovers when
creating some
treats in class
re c e n t l y
SUMMER
FUN:
Libongwe
Veto, a Grade
R pupil at El
Shaddai
Christian
A c a d e m y,
with her
artwork
showing how
she is looking
forward to
swimming
during the
upcoming
December
holidays
Port
A l f re d BUSINESS FORUM Keeping you up to date on the local business front
graphic © vadym yesaulov / 123RF.com
Life cover for your family
MONEY
M AT T E R S
Nico Human
As a breadwinner, one’s most
important task is certainly the
security of ones financial future
and that of your family.
This entails various aspects
in life, which I will briefly
mention.
The first and probably most
important fact to be taken care
of is “what happens when I
die?”
Obviously death is the very
last subject one would enjoy
discussing, but it is one of the
most important topics that
needs to be considered.
When the breadwinner of a
family dies it is normally
followed by absolute chaos.
Over and above the
devastation and grief, the loved
ones are heavily burdened
when the “vultures” set in.
Under normal
circumstances, the death of a
breadwinner can cause a huge
financial void.
This off course can lead to
many consequences, like the
family home, vehicles and other
necessities being repossessed by
the various financial institutions.
At this time, no family
should be so heavily burdened
with such severe stress.
To crown it all, even the
receiver of revenue realises that
this is his last opportunity to
grab his “pound of flesh” and I
can assure you he does.
To take care of these huge
burdens, one can soften the
blow with sufficient life cover
that will ake care of any debts,
including the outstanding bond
on the family home.
Further cash in the estate will
be necessary to settle taxes and
also provide sufficient funds for
one’s family to continue with
the lifestyle they had become
accustomed to.
My advice is that every
breadwinner should, with the
assistance of a qualified and
trusted financial advisor,
establish what cash will be
needed to allow for a smooth
finalisation of one’s deceased
estate.
As important as life cover is,
so is disability cover.
If one is unfortunate to
become permanently disabled, I
can assure you that all the
normal monthly expenses will
continue indefinitely, not to
mention the additional medical
expenses.
Permanent disability can be
caused by an illness or even due
to an accident, but it is wise to
be prepared for any event.
Hand-in-hand with
permanent disability comes
temporary disability.
Temporary disability can be
experienced for periods from a
few days up to normally two
ye a r s .
A further form of cover is an
income replacement policy that
is designed to provide one with
a regular income during the
period of incapacity to ensure
you can keep up with your
monthly expenses.
In these modern times, there
is cover against virtually any
occurrence one could imagine.
You can for instance get
cover against any dread disease
like heart attacks, strokes, most
types of cancer, kidney failure or
a whole list of dreaded illnesses.
This can be for
comprehensive dreaded disease
cover or cover against a single
need dreaded disease.
For further information
contact 087- 805-7712 for a
confidential appointment.