Oosthuizen Brokers are well positioned to assemble a package of products such as medical aid, medical insurance, top-up cover, life insurance, and disability insurance. Dread diseases affect people of all ages, even though they are more common amongst older people. Accidents can happen to anyone, and young people, being more active and less risk averse are more vulnerable.
Diseases and accidents can be mild, or they can be devastating, both physically and financially. A hospital bed in a private hospital can cost R 2000.00 per day. This excludes the cost of emergency
admission, attending doctors and professionals, medication and disposable items.
Treatment can easily run into hundreds of thousands of rands, and when we add loss of income, we can be in the millions.
This can be life-changing, and not in a positive way. If you have no safety net to protect you from the consequences of such an adverse event, you can find yourself financially ruined and deeply in debt. If you have a family, these consequences will affect them in equal measure.
Why would anyone take such a risk when there are financial products that can ease the burden? After all, when you are ill or injured, you and your family want to focus on your recovery, and not have to deal with the unbearable stress of how you will pay the mortgage or your child’s school fees at the end of the
month.
Often middle aged and older parents are forced to use retirement savings or remortgage their homes to settle medical costs for young adult children who have needed extensive medical care. Also
not a very pleasant outcome.
So the implications of being uninsured or under-insured for such eventualities can be hugely destructive for the individual and their immediate families. In most cases, there is little prospect of financial recovery. It is sad when you consider that for a regular monthly premium, all of these worries and dangers can be mitigated almost in their entirety.
We know that young people have a different way of looking at life, and that they demand financial products that suit their needs, not the needs of an earlier generation. So, we have in the pipeline, new products, specifically designed to meet your needs and your budget, and give you the security and peace of mind that we all need, regardless of age.
Keep watching this space!