YOUR MONEY | The right cover for every age

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Loading, please wait...
play article
Subscribers can listen to this article
(Photo: Gallo Images/Getty Images)
(Photo: Gallo Images/Getty Images)

People often make the mistake of thinking that once they’ve taken out cover they need never worry about insurance again. But this approach can end up costing you money and leave you open to all kinds of risk.

We take a look at how basic short and long-term insurance needs (excluding medical insurance) differ throughout your life and where it’s possible to save.

Whatever your age or income, you should always ask yourself what assets you want to protect, says Fifi Mompati, head of Brokers and Alternative Distribution at Liberty. Asking this question can save you from buying the wrong or unnecessary cover. At every life stage you need to ask yourself this again, because your circumstances will probably have changed.

Read this for free
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Try FREE for 14 days
Already a subscriber? Sign in
Show Comments ()