Newsroom

How we assess risk for income protection for freelancers

We can now offer cover to a wide range of different freelancers – whether they work consistently every day or not.

Why unorthodox work statuses are difficult to assess

Unpacking the difference between work status and occupation, and how this affects how we assess risk.

Why we developed Event Based cover

Find out how we're able to cover individuals who traditionally don't qualify for income protection because of the occupation that they perform.

Why your clients’ occupation affects life cover and income protection premiums differently

Find out how your clients' occupation affects their life and income protection premiums, and FMI's approach.

Why your clients’ income protection premium hangs on their occupation

It’s usually understood that not everyone pays the same premium for insurance. Here's why.

Using technology as an enabler for better human interactions

We believe that technology should be used to support an adviser’s advice and servicing processes, not compete with it. This philosophy drives all our innovation at FMI.

The stunning simplicity of protecting your clients’ income

Start seeing life insurance as something that protects your clients in life, not just in death.

Survey reveals South Africans aren’t protecting their income

South Africans grossly underestimate the risk of temporary illness or injury – and overestimate the risk of permanent disability and death. It may be the reason why they're prioritising the wrong cover.

How the gig generation is shaping the future of insurance

To avoid the insurance gap getting larger, we have a collective responsibility to adapt with the times to support the growing gig economy.

How technology is driving innovation in the insurance industry

A look at how technology is shaping the emerging trends influencing the insurance industry.

Closing the knowledge gap builds trust

The financial services industry is rated as the least trusted business sector. What drives this negative perception and what can we do about it?

Let’s get technical – Cover for Students and Homemakers

Whilst students and homemakers don’t earn an income per se, we know the impact they make has huge financial value. Find out how we're able to offer cover to these individuals.

The world of work 2021

Keeping up with advancing technologies is key to remaining, not just ahead of the game, but in the game.

Leveraging the connection economy: Unlocking a younger market

As the digital world facilitates more and more human connections, it’s your ability to leverage these connections that will lead you towards success.

Keeping up with the times vital for the future of our sector

The world is changing at a rapid rate. And along with it, changing perceptions to life insurance. Having a better understanding of these markets and being able to provide tailored solutions to meet their particular needs will go a long way in reaping success.

Today, we cover more occupations than ever before

We have extended our income protection to cover a wider range of occupations - including independent contractors, those with secondary or multiple occupations, and unorthodox occupations – which previously typically struggled to get income protection elsewhere.

How to overcome key business challenges in times of COVID-19

Your relationship building skills have always been your competitive edge, and this has never been more relevant now as clients face economic uncertainty.

Why your clients’ occupation affects life cover and income protection premiums differently

Read about why your clients' occupation affects life cover and income protection premiums differently in our editorial series: A guide to how we assess risk for income protection.

The future of Income Protection is here

2020 – the start of a new decade and time for a sharper way of thinking. Top of the agenda for us at FMI (a Division of Bidvest Life Ltd) going into 2020 is to address the alarming number of young professionals currently uninsured in the South African market.

Why risk planning should start with Income First

If their monthly income has the potential to provide for all their financial needs, why doesn’t risk planning start here?

The future of life insurance and the case for income benefits

Recommending a lump sum to produce an income is like your clients wanting a red car but suggesting a green one on the premise that they can always have it painted red afterwards.

Handling objections to an Income First approach

We understand, that in practice, there are some hard questions the Income First approach poses for older clients who already have lump sum cover in place. Here's how to address these issues.

For indispensable advice – choose irreplaceable cover

There is a better way to do life insurance. One that prioritises income benefits over lump sum benefits, one that commits to meeting the needs for which your clients apply for cover in the first place.

4 Reasons why policyholders are choosing the wrong waiting period

We believe there are 4 main reasons why many South African policyholders are unknowingly choosing longer waiting periods, and in most cases unfortunately, to their disadvantage.

Income First: Ride the new wave

The tide is changing. The industry is evolving, as the industry starts to recognise the rising trend to put Income First.

Bridging the insurance gap

Many don’t realise that traditional lump sum cover only covers for permanent disability, critical illness or death. It doesn't protect your monthly income from temporary injury or illness.

5 Reasons Why An Income First Approach Pays Off

Q&A : Brad Toerien sits with Cover Magazine to talk about what makes FMI's Critical Illness cover different

Our CEO, Brad Toerien, sat down with Cover magazine’s Tony van Niekerk to talk about the importance of Critical Illness cover and what makes FMI’s Critical Illness cover different.

Building a family legacy, despite life’s curve balls

Timothy Makhathini is a self-employed photographer and entrepreneur from Mthunzini, KwaZulu-Natal, who is motivated by a desire to build a better life for his family and leave a legacy for his children.

4 Reasons why risk planning protects your investment plans

To create wealth, you need to protect wealth. Investment planning relies on your ability to earn an income and risk planning protects that income.