Risk planning is centered around the protection of you and your family’s lifestyle against the adverse financial effects of an untimely death, a disability event or contracting a severe Illness.
The process entails analysing your financial needs by calculating your requirement for capital and income, and putting strategies and solutions in place to protect what matters most to you. Inadequate planning and insufficient protection against financial loss resulting from your death, or losing the ability to earn an income could leave your family exposed to the risk of having to drastically alter and decrease their standard of living, or even sell off assets to pay monthly bills.
MyPlan has adopted risk planning into our framework and offer risk planning services as part of all financial solutions and make use of the following planning tools and activities:
- Personal Financial Needs Analysis
- Detailed plan with annual reviews
- Life Cover
- Disability Benefits
- Income Protection
- Severe Illness Cover