Life Insurance
Commrisk Life (Pty) Ltd, a subsidiary of Commrisk Insurance Brokers Pty Ltd, offers a full range of life products and employee benefits, complemented by independent advice, a leading service ethic and a reputation for the utmost integrity.
As a member of the Financial Planning Institute (FPI), Commrisk Life has adopted the FPI's 6-step financial planning process in the following areas of life cover / life assurance: estate planning, retirement planning, business life assurance, pension funds, provident funds, key man insurance, life and disability cover and more.
Estate Planning
*Life assurance *Disability insurance *Income protection
What is your most valuable asset? It's not your home, although many South Africans think so. In fact, your most precious asset is your ability to earn an income, compounded by your future earnings potential.
So, this ability – like your home – must be insured.
Income protection offers you cover if you lose income due to injury or illness, or if you're forced to be absent from your regular occupation.
Retirement Planning
While everyone would like to retire comfortably, the complexity and time required to build a successful retirement plan can make the whole process daunting.
However, it can often be done with fewer headaches (and financial pain) than you might think - all that's required is a little homework, an attainable savings and investment plan, and the right advisers.
In short, retirement planning is the process of identifying your wants and needs, developing plans to achieve them, acting on those plans and reviewing and revising them as you gain new knowledge and experience.
Business Insurance
Key person insurance
A key person (or ‘key man') is someone who is fundamental to the running of the business. This person, through their knowledge, skill or expertise, contributes to the profitability of the business. But if this person should die or become disabled, contingencies need to be in place to ensure that the business's profitability is not impacted on, or that the impact is minimised.
Ideally, a business should seek a life insurance policy, possibly with disability and/or dread disease cover, on the life of the key person. The proceeds of this policy will then be paid to the business, to use as it sees fit.
