Navigating Financial Security for Your People

In the hustle and bustle of daily life, it’s easy to overlook one harsh reality: many South Africans are the financial backbone of not just their immediate families, but also extended relatives who rely on them for support.

Whether it’s elderly parents, unemployed siblings, or grandchildren in need, the burden of responsibility often falls squarely on the shoulders of those who are already facing the challenges of ageing themselves.

But what happens when the breadwinner is no longer able to provide? For too many families, the answer is stark: financial ruin. Without a safety net in place, the sudden loss of a loved one can plunge already vulnerable households into even deeper hardship, leaving them struggling to make ends meet and facing an uncertain future.

Enter life and funeral cover—the unsung heroes of financial planning. While it may not be the most cheerful topic of conversation, ensuring that your loved ones are protected in the event of your passing is one of the most important gifts you can give them. With the right cover, you can leave behind a legacy of financial security, providing your family with the means to cover their living expenses, settle outstanding debts, and maintain their quality of life long after you’re gone.

But here’s the thing: it’s not just about protecting yourself and your immediate family. With funeral cover, you can also extend that same peace of mind to your extended relatives, making it easier for them to cover the costs of laying a loved one to rest. By planning and taking proactive steps to ensure that your entire family is covered, you can spare them the added stress and financial strain during an already difficult time.

Of course, we understand that affordability is a concern for many South Africans, particularly those on fixed incomes or facing rising living costs. That’s where Simply Staff Cover comes in. By offering flexible employee cover, business owners can provide their staff with the protection they need at a fraction of the cost of individual policies. With savings of up to 80% compared to individual cover, it’s a win-win for both employers and employees alike.

So, if you’re over 60 and grappling with the weight of financial responsibility for your loved ones or worrying about the financial security of your employees, know that you’re not alone. With the right planning and the right cover in place, you can ensure that your people are taken care of, no matter what the future may hold. After all, isn’t that what true financial security is all about?

CLICK HERE TO READ MORE: Why Uninsured Employees Are Bad for Business

Take care of your staff with super-flexible and affordable cover from Simply. Visit www.simply.co.za/take-care-of-your-staff to learn more.

Fill in the contact form below if you’re ready for peace of mind. One of our friendly agents will contact you and craft an affordable, tailor-made package. Your staff and family will thank you.

Article provided by Simply Financial Services (www.simply.co.za), a licensed and trusted life insurance provider that’s on a mission to secure the financial future of millions of South Africans.

*Premiums are risk profile dependent and subject to review. Simply Financial Services (Pty) Ltd is a registered financial services provider (FSP 47146). T&Cs apply

Products underwritten by Old Mutual Alternative Risk Transfer Limited, a licensed life insurer