Liberty has recently released their claim stats for 2016 which have shown a significant increase in the number of disability claims, especially for income protection, closely followed by retrenchment protector. This is a sad indication of the economic times that we are faced with and that more and more employees are being retrenched as a result.
Another noticeable increase in claims was for dreaded disease, indicating that more and more people are contracting critical illnesses and also at a younger age. A serious illness, in the absence of dread disease cover, could result in personal expenses in the excess of millions, which very few of us would be able to afford.
Do you have the necessary financial protection in the case of retrenchment or becoming seriously ill? If you are unable to answer this question or if you are unsure about how much you are covered for, it might be a good time for us to get in touch and make sure that you are adequately covered.
If you need any more information on the above mentioned policies, please do not hesitate to contact me.