Commrisk Life is an Independent Brokerage representing all the major Insurers and Asset Managers.

Personal & Corporate Financial Planning

Commrisk Life (Pty) Ltd, a subsidiary of Commrisk Insurance Brokers (Pty) Ltd, offers a full range of life products and employee benefits, complemented by independent advice, a leading service ethic and a reputation for the utmost integrity.

As a member of the Financial Planning Institute (FPI), Commrisk Life has adopted the FPI’s 6-step financial planning process in the following areas:

› Estate Planning› Retirement Planning› Business Life Assurance› Pension Funds› Provident Funds› Key Man Insurance› Life and Disability Cover› Medical Aid› Group Risk› Income Protection› Wills

Table of Contents

Estate Planning 2

Retirement Planning 3

Business Insurance 4

Investments 5

As a member of the Financial Planning Institute, we use its 6-step financial process:

1. Establish and define a professional relationship.2. Gather data, which includes information about goals.3. Analyse and evaluate financial status.4. Develop and present recommendations and alternatives.5. Implement financial planning recommendations.6. Monitor and measure the implementation.

So, this ability – like your home – must be insured.

Income protection offers you cover if you lose income due to injury or illness, or if you’re forced to be absent from your regular occupation. For starters, you will need to cover your living expenses to maintain your lifestyle during the period of temporary or permanent disability or impairment.

› Mortgage Protection Insurance› Dread Disease Cover› Life and Disability Cover› Income Protection

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Unlike other illnesses, a dread disease is not one you should fear dying from, but one you should fear surviving. Dread diseases are specified catastrophic diseases, like cancer, heart attacks and strokes, which account for up to 80% of deaths today.

What’s more, a dread disease may shorten your life expectancy or the remaining number of years you can work. Additional expenses may have to be covered when you are hospitalised, like taking care of your children, organising transport, homecare duties, etc. Travel expenses may also have to be incurred as part of your treatment.

› Educational planning› Estate duty protection› Portfolio analysis› Funeral cover› Wills

DREAD DISEASE COVER

WILLS

Estate Planning

A common misconception in South Africa is that, if you don’t have a will, your immediate family will automatically inherit everything you have when you pass away.

This is not the case. In fact, our country’s Law of Intestate Succession allows the law to determine who is your closest blood relative, and to distribute your assets as it sees fit. The absence of a properly drawn up will and testament can also cause delays in the administration of your estate – and added trauma for those you’ve left behind.

Why draw up a will andseek advice from a professional?

• Your assets go to the beneficiaries you desire, rather than those identified by the courts.

• Your chosen beneficiaries are able to get the assets sooner.• There’s a smaller chance of family disputes over property.• You’re able to let your beneficiaries know how you would like

them to use your assets.• The interests of children under 18 can be protected.• If you own a business, a will protects your family against debt

liability.• You’re able to save on estate duty with proper planning.

What is your most valuable asset? It’s not your home, although many South Africans think so. In fact, your most precious asset is your ability to earn an income, compounded by your future earnings potential.

However, it can often be done with fewer headaches (and financial pain) than you might think - all that’s required is a little homework, an attainable savings and investment plan, and the right advisers.

In short, retirement planning is the process of identifying your wants and needs, developing plans to achieve them, acting on those plans and reviewing and revising them as you gain new knowledge and experience.

The accepted wisdom is that, in future, proper retirement planning will separate the “haves” from the “have-nots”.

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Have a look at this table, which shows the huge difference 5 years can make when it comes to starting retirement planning now!

Retirement Planning

This is because, thanks to the advances in healthcare and nutrition, the life span of the average South African has increased dramatically. A longer life expectancy increases the likelihood that you will be able to work longer but you will also need to save more for your retirement.

› Retirement Annuities› Provident & Pension Funds› Post & Pre-Retirement Plans› Preservation Plans

While everyone would like to retire comfortably, the complexity and time required to build a successful retirement plan can make the whole process daunting.

Retirement income required in today’s terms

Retirement capital required at age 60 in today’s terms

Monthly contribution needed in terms of the number of years to retirement

10 15 20 25

10 000 2,500,000 9,000 4,000 2,000 1,000

20 000 5,000,000 18,000 8,000 4,000 2,000

30 000 7,500,000 27,000 12,000 6,000 3,000

40 000 10,000,000 36,000 16,000 8,000 4,000

50 000 12,500,000 45,000 20,000 10,000 4,000

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› Contingent Liability Cover

› Suretyship Protection

› Deferred Compensation

› Asset Replacement

› Business Overheads Protector

› Preferred Compensation

Business Insurance

A key person (or ‘key man’) is someone who is fundamental to the running of the business. This person, through their knowledge, skill or expertise, contributes to the profitability of the business. Should this person die or become disabled, contingencies need to be in place to ensure that the business’s profitability is not impacted on, or that the impact is minimised.

Ideally, a business should seek a life insurance policy, possibly with disability and/or dread disease cover, on the life of the key person. The proceeds of this policy will then be paid to the business, to use as it sees fit.

We are able to offer your company advice on all your staffs medical aid needs. We are accredited with Discovery Health, Momentum Health, Bonitas, MediHelp, to name a few.

We will assist HR with:

› Year end revisions (benefit changes)

› Billing queries

› Advise & make recommendations on the most suitable plan choice

› Hospital Authorisations

› General queries

We offer all of the above at no additional cost.

Does your medical aid pay for all associated services you receive in-hospital in full? If not, you may well find yourself with a significant shortfall due to the attending specialists charging much more than what your medical aid is prepared to pay.

The Gap Cover policy will:

› Provide additional cover for in-hospital specialist charges

› Enhance your existing medical scheme cover to a

maximum of 500%

› Cover charges above the medical scheme rate for Chemotherapy and Radiotherapy

› Cover charges above the medical scheme rate for Kidney Dailysis

› Cover co-payments for admission

A buy and sell insurance, ensures that on the death of a business owner, the business can continue to operate with as little disruption as possible for the surviving business owner/s. It also ensures that the estate of the deceased receives fair value for his/her business interest, by providing the remaining shareholders with the liquidity to purchase the deceased partners shares and in doing so retain full ownership of the company.

But there are other things to consider, which is why you need professional advice on this complex issue:

Will your spouse get along with your partners?Will your partners have the liquidity to buy your shares?Will an outsider become one of your partners?

BUY & SELL INSURANCE/ AGREEMENTS/ BUSINESS CONTINUITY

GROUP MEDICAL AIDKEY PERSON INSURANCE

GAP COVER

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Investments

We have achieved investment success by first assessing the asset allocation mix which is where 90% of a clients investment return will come from.

By focusing on constructing the optimal asset allocation mix to match a clients risk parameters we can optimise a clients investment objectives. The selection of funds is left to last. In selecting funds we first start by selecting indexation as it is often priced at less than a quarter of traditional active unit trusts and has performed better than many of those unit trusts available in South Africa.

COMMRISK INVESTMENT MODEL

At COMMRISK LIFE we have an experienced team of investment professionals. Through much research and experience we believe that understanding the concept of risk and the factors that add to a clients investment return is what results in clients reaching their investment objectives.

We include active unit trusts that have demonstrated an ability to beat the index consistently. In the past, advisors would give a client many different unit trusts in case some performed badly hoping to hedge out the risk of underperformance. In other words they were trying to buy the average market return. In that case we believe it to be more prudent to buy the index as it will provide better value over the long term.

INVESTMENTS

OTHER

› Guaranteed Endowments› Personal Offshore Portfolios› Unit Trusts› Income Plans

› Education Planning

› Analysis of existing portfolios› Financial Needs Analysis (FNA)› Risk Profile Analysis (RPA)› Funeral Cover

Commrisk Life (Pty) Ltd, main aim is to offer independent advice based on a selection of the best products available

in the market.

For more information contact Commrisk LifeTel: 011 840 7000 or contact JP Seear on 082 579 6430.Email: lifequeries@commrisk.co.zaAddress: FourwaysViewOfficePark,SunsetBoulevardLonehill,Fourways.

CommriskLife(Pty)LtdisanauthorisedFinancialServicesProvider.FSP7874.

Commrisk Life is headed by Jean-Paul Seear, a CFP® (Certified Financial Planner) with 20 years of experience in the industry.