You have big dreams for the future and you work hard every day to create a secure, happy lifestyle for your family. Have you ever stopped to think what would happen if there was an interruption to your income? How long could you and your family survive without an income? How would that affect your life today and in the future?
That is why our flagship product, FMI Individual includes Disability, Critical Illness and Life cover, with a choice of lump sum and income benefits accross all 3 risk events...
Income benefits - ideally suited to meet monthly expenses like groceries, electricity and education.
Lump Sum benefits - perfect to allow for any once-off expenses like estate duty and to settle large debts.
This belief is core to everything we do at FMI. In the past, the rule of thumb for the insurance industry has been to offer mainly lump sum benefits - especially for Critical Illness and Life cover. While pay-outs from lump sum benefits are perfect to settle large debts or pay for once-off expenses, we just don't believe that they should be used to provide an income.
Whether you're an accountant or a scuba-diver, everyone should be able to protect their income. But no two people are alike - we are all individuals.That's why insurance products should give you the flexibility to tailor make it to your specific requirements.
Consider the value of your total future income until retirement.
Let’s say you’re a 30 year old, earning
R30 000 per month, which will grow at 6% every year. What is the value of the income you will earn before you retire at 65?
More than R40 million!
that will prevent them from earning an income.
You are more likely to experience a disability during your working career than you think.
62% of South Africans are behind on their debt payments, which means even a temporary break in your income could have devastating long-term consequences.
76% of all our disability claims last less than 90 days! Could you survive for 3 months without your income?
The value of your total future income is:
1995: FMI pioneered income protection for the self-employed, at a time when the industry offered it only to professionals.
With more than half a billion rand in claims paid to date, we’ve been able to help our clients when they’ve needed us most!
2016: We remain committed to creating products that protect you and your family from the risk of not being able to earn an income. For more than 21 years we are proud to have supported our clients as they live out their plans and dreams, because behind every claim is a real person with a family and a business. It’s their stories that inspire us to keep improving.