Sheldon Shaw: Making his mark
Tattoo artist, Sheldon Shaw, explains the impact of his profession on the lives of others and why he needs income protection to continue making his mark.Continue Reading
According to the International Children’s Palliative Care Network, every 3 minutes a child is diagnosed with cancer.
This #ChildhoodCancerAwareness Month our thoughts are with those families who may have a child battling cancer. A child being diagnosed with cancer is every parent’s worst nightmare, the diagnosis can have a significant impact for any family’s emotional and financial wellbeing. And although they may not be able to stop the critical illness, they can be prepared for it. That’s why we take care of the little warriors.
A combination of income and lump sum benefits
Whilst the market traditionally offers lump sum critical illness cover to children, there are often additional monthly expenses if your child is diagnosed with a critical illness.
Many parents may want to be able to take time off work in order to provide their child with emotional support during this difficult time. FMI believes in providing you with a solution that consists of income and lump sum cover for your children.
Critical Illness Lump Sum
If you take out Critical Lump Sum cover, all your children are automatically covered for 10% of your benefit to a maximum of R250 000, to provide for additional or once-off expenses incurred. In addition to your list of critical illnesses, they will also be covered for an additional 10 child-specific conditions.
To assist with additional monthly expenses, parents can take out the Child Protector benefit which will pay up to 50% of your after-tax income (up to R15 000 per month) if your child is diagnosed with a listed critical illness. The payments are made for 24 months following diagnosis and will continue until your child’s 18th birthday, if they meet the Childhood Disability definition.
“The full-time job is for me to survive. The part-time job is for me to thrive. And without it, without that income, there is no thriving,” says dual income earner, Yolisa Motha.Continue Reading
“If I don’t work tomorrow, I don’t get paid for tomorrow,” says freelance graphic designer, Isabel Botha. “That’s why my income protection policy is so important to me.”Continue Reading