Dear Client
Financial planning isn’t just about products or policies – it’s about making thoughtful, informed choices.
Factors that influence your premiums
Insurance premiums for life, disability and critical illness cover are not randomly calculated – they are based on your personal risk profile.
Key factors include your health, lifestyle, occupation, amount and type of cover, and policy term. Younger, healthier people generally pay lower premiums, while smokers, heavy drinkers, and those with high-risk hobbies or jobs pay more. The level and duration of your cover also influence your premium.
By taking out cover while you are young and healthy, and quit smoking, you can optimise your premium. As your life changes, review and adjust your cover to ensure you are not overpaying or underinsured.
Contact me for cover tailored to your personal circumstances.
A smarter way to build wealth
If most of your income goes toward lifestyle and debt, leaving little for wealth creation, here is how to shift your focus from short-term gratification to long-term financial growth.
Start by asking yourself: Are your investments growing fast enough to meet your future goals? Identify potential risks that could derail your progress and plan how to manage them.
Consider whether your goals have fixed or flexible timelines, as more flexibility allows for more investment risk. Also review the tax efficiency of your investments, noting that tax benefits often come with trade-offs in liquidity.
Want to build generational wealth? Contact me to start planning today.
Factors that can shape your financial future
Four key factors can have a lasting impact on your financial wellbeing: education, health, home and transport.
- Investing in education improves your earning potential and can unlock better banking and insurance terms. Building your financial literacy also supports smarter money decisions.
- Prioritizing health and having adequate personal insurance now prevent major financial setbacks later in life.
- A smaller, well-located home with good security and amenities often provides greater value than a larger property that’s expensive to maintain.
- Lastly, consider ways to reduce transport costs, such as keeping vehicles longer or choosing more economical options.
If you’d like help to align your financial decisions with your goals, contact me.
I hope you find this newsletter useful, and please feel free to contact me if you have any questions. I especially want to encourage you to contact me if your situation has changed in any way so I can review your risk and investment needs.
For appointments : Phone: 065 993 5403 Email: admin@anfbrokers.co.za
Regards
Fanie van Wyk