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Testimonial from Hannes Meyer

Hannes Meyer is a wine maker who understands the importance of Income Protection, especially after a serious car accident left him with extensive injuries.

You can claim for that?

When most people think about ‘disability’, they imagine a freak accident leading to an extended hospital stay or a permanent lifestyle change. However, the term ‘disability’ covers a wide range of illnesses or injuries that prevent you from  working and generating an income. What kinds of claims does FMI receive?

FMI Focuses on Client Service

To help us achieve the excellent service delivery consistent with our commitment to claim certainty, we have made some changes to the structure of our Client and Claim Services department.

Under the leadership of Sacchin Maharaj, the department has recently been divided into two teams – a Client and Claims Services team and a Technical team (focused on the technical aspects of your claim, such as claims assessment). Client and Claims Services is now made up of a Client Service team and a Claims Service team.

Do you have a gap in your policy?

Just as life changes, so do your cover needs. Many people buy an income protection policy and then never think about it again. However, your insurance needs change as your income and lifestyle changes. Without regular review, you could face unexpected gaps in your current cover when you come to claim – gaps that could leave you exposed in your time of need. When it comes to Income Protection, make sure you’re properly covered.

To identify if there are gaps in your current income protection policy, ask yourself:

How long will my pay-outs last?

The pay-out you receive when you claim is called a ‘disability benefit’ and is defined by the terms of your policy. In disability insurance, the term ‘benefit period’ refers to the time period during which you are eligible to receive these benefits should you become disabled.

FMI Takes a Stand

In June, the FMI Marketing team hit the road and attended the Financial Planning Institute (FPI) Annual Convention in Johannesburg and the National Small Business Chamber (NBSC) My Business Conference in Durban.

Industry Interview - Paul Bekker

One of FMI’s top producing Financial Advisers, Paul Bekker started his career as a Financial Adviser in 1981, joining a private brokerage as a partner. In 1984, he started his own company, Bekker Investment Trust.

Are your clients truly covered for disability?

As a Financial Adviser, you know that your client’s income is essential to maintaining their lifestyle. Have you advised your clients to take out Income Protection (IP) to ensure that their income will be protected if they become disabled? What kind of IP does your client have? Does it cover both temporary and permanent disability? It should.

FMI Evolves!

By Brad Toerien

At FMI, we are committed to claim certainty. To help us achieve the excellent service delivery consistent with this commitment, we have made some changes to FMI's company structure.

FMI is entering our new financial year with a renewed focus on our relationship with you, the Financial Adviser (FA). To ensure an increasingly efficient and speedy service to our FA chain, we have recently implemented changes in our Sales, Claims, and Underwriting departments:

Safeguarding the Future:Income Protection for SA's Entrepreneurs

By Monique Terrazas According to the most recent Global Entrepreneurship Monitor (GEM) survey, South Africa ranked 27th out of 59 countries in terms of its Total Early-stage Entrepreneurial Activity (TEA) rate of 8.9%. This is a significant improvement on the 2009 TEA rate of 5.9%. However, according to the GEM data, a country at South Africa’s stage of economic development could be expected to have a TEA rate in the order of 15%, around 60% more than the current rate.

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