Many people make sure they have medical aid and gap cover to pay their medical bills if they get sick. However, they often don’t consider the bigger financial impact of not being able to work due to injury or illness.

Even a short interruption can have devastating consequences to your finances and most Disability and Dreaded Disease products don’t cover for temporary interruptions in income but only for permanent and catastrophic eventualities.

That’s why it’s important, at this time of year, when you’re reviewing your medical aid, to remember the importance of income cover.

At FMI, we believe a person’s greatest asset is their ability to earn a monthly income, and there is no better way to protect this than with an insurance product that offers a combination of lump sum and monthly income benefits for long term or temporary disability, critical illness and death.

Informative Reading | May 07, 2020

When last did you check in with your adviser?

Here are 6 questions to ask your adviser to ensure you understand your cover.

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Informative Reading | May 07, 2020

What to do if you suspect you have COVID-19

You’ve all taken the necessary precautions when popping out for essential items. But what do you do if you start showing symptoms of having contracted COVID-19?

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Informative Reading | May 04, 2020

COVID-19: What you need to know about Income Protection

If I get COVID-19, will my income protection or life insurance cover me? And what can I do if I can’t pay my premiums as a result of the pandemic affecting my income? These questions are top of mind right now as the lockdown affects millions of South Africans. Read this article to find out.

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