Financial Products

The following are the main types of Financial Products offered in South Africa. For more informaiton please contact one of our registered financial planners in the directory.


Life insurance (or life assurance, especially in the Commonwealth), is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. Other expenses (such as funeral expenses) can also be included in the benefits.

Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; common examples are claims relating to suicide, fraud, war, riot, and civil commotion.

Life-based contracts tend to fall into two major categories:

  • Protection policies – designed to provide a benefit, typically a lump sum payment, in the event of specified event. A common form of a protection policy design is term insurance.
  • Investment policies – where the main objective is to facilitate the growth of capital by regular or single premiums. Common forms (in the U.S.) are whole life, universal life, and variable life policies.


Disability cover protects you and your family if you are unable to do your job or you can no longer do normal day-to-day functions such as bathing, dressing or eating. With disability cover you can usually choose between a lump sum or income benefit, or both.

Why would you need this insurance?

Your income is the cornerstone of maintaining your standard of living. It is used to pay for everyday expenses such as food, clothing, electricity and bond repayments. Disability Insurance income benefits pay you a monthly income if you are temporarily or permanently disabled. The lump sum benefits pay out a once-off amount if you become permanently disabled. The funds can be used to cover immediate lifestyle adjustment costs such as making adjustments to your home and vehicle. Any excess funds can be reinvested to provide you and your family with an income.