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B-Connect Volume 4

That made me think – are we not all surfers, surfing the waves of life?

When asked what I am currently thinking of, the first thing that comes to mind is a coastal holiday with sun, beach, and waves. Yet we have ridden three waves thus far since my last holiday, and we expect a fourth to hit soon. It feels as if we got washed out on the beach and paddling back to sea to try and master another wave. That made me think - are we not all surfers, surfing the waves of life? Just look at our surfer girl at the Olympics, Bianca Buitendag, who went just to compete but returned with a silver medal. Like all of us, she got knocked off her board, got washed out, yet paddled back to ride the big one.

In the Financial world, the same happens – money comes and goes. When the money wave hits us, everything is well, but just like sitting on the beach smiling at the blue yonder, and then suddenly dark clouds gather, waves get bigger, and we must rush to get out of harm’s way – you need an umbrella to protect you from the elements. That’s what inspired this newsletter today – insurance is like an umbrella for the good and the bad days. You get various types of umbrellas, but for now, I will give you an overview of some of the products you need at the beach where you are currently sitting and riding the waves of life.

Last Will and Testament

Did you know that everyone over the age of 18 should have a Last Will and Testament? This means, in theory, that everyone over the age of 18 will have an estate and that there will be certain estate fees when we pass away. Therefore, it is essential that you and your beloved friends and family make sure that you have a Will in place and enough money in the estate to pay for the estate fees. We can assist you with a free Will through one of our partners, Annie Van Der Merwe, a family law attorney specialising in this regard.

Life cover and Funeral cover

Funeral cover is the first type of insurance anyone over the age of 18 should consider. The cost for a standard funeral or cremation ranges between R15 000 and R30 000; thus, having the necessary cover in place is crucial. We have various options available that could cater for your need. A very popular option is the Member + 9 dependants. This means that the member can insure him/herself and nine other family members on the same policy. It is ideal for families with older relatives that need cover.

Medical Aid and Gap cover

Most medical aid schemes will launch next year’s rates and benefits in September 2021. You will then have the option to change your current plan to something else, effective January 2022. Please look out for correspondence from us regarding the changes and new rates – you can follow our Facebook page for live updates. It is expected that schemes can increase their prices by as much as 6%. Don’t fall into the trap of not knowing what the best budget options entail. We can supply you with a free quote and comparison.

Investments

The wind of change continues to blow, and as such, our investments change as we evolve in the markets. Sygnia, an investment house, has recently launched a new fund for individuals – the Sygnia Solactive Healthcare 150 ETF Fund. It’s a platform that allows you to invest in the top 150 Healthcare companies globally. It includes companies like Johnson and Johnson, Pfizer, GSK Pharmaceuticals and many more. This is a market that is bound for growth because of the need for vaccines and treatment for Covid.

Sygnia also offers access to the 4th Industrial Revolution Fund, a tech-savvy fund where you invest in companies that do 3D printing, Robotics, and Artificial Intelligence. Over the last 3 years, this aggressive fund yielded in excess of 50% growth per annum. Both these funds are passively managed and with a meagre administration fee that could yield some good growth in desperate times.

In closing, let’s get back in the water, ride the waves, and stay on top of our financial affairs

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