WHILE THE ROLE OF WOMEN IN SOCIETY CONTINUES TO EVOLVE , SO DOES THE NEED FOR THEM TO BE EXPOSED TO FINANCIAL PLANNING RESOURCES THAT WILL ALLOW THEM TO FEND FOR AND PROTECT THEIR FAMILIES ACCORDINGLY .
WOMEN ARE FORECAST TO LIVE LONGER , ACCORDING TO THE WORLD HEALTH ORGANISATION . THE LIFE EXPECTANCY FOR MEN INCREASED TO JUST OVER 60 YEARS , AND OVER 68 YEARS FOR WOMEN . WHILE THE EXTRA NUMBER OF YEARS IS GREAT FOR THE WOMEN AND THEIR LOVED ONES , IT ALSO BRINGS ABOUT THE REALITY THAT ONE NEEDS TO CONSIDER HOW THEY LIVE AND PROVIDE FOR THOSE EXTRA YEARS .
“ WHILE EARNING AND BEING FINANCIALLY INDEPENDENT IS INDISPENSABLE FOR TODAY ’ S WORKING WOMEN , INVESTING IN INSURANCE , MANAGING THEIR FINANCES , SECURING THEIR LIFE AND HEALTH , AND PROVIDING A FINANCIAL CUSHION EVEN AFTER RETIREMENT IS EVEN MORE IMPORTANT . HARD-EARNED MONEY SHOULD ALSO BE SAVED WELL FOR WEALTH GROWTH AND REACHING FINANCIAL GOALS ”, SAYS HILDA NSIBANDE , BUSINESS DEVELOPMENT HEAD FOR FNB INSURE .
SHE ADDS THAT , “ IF YOU HAVE LOVED ONES WHO COUNT ON YOU FOR FINANCIAL SUPPORT , ENSURE THAT YOUR INSURANCE COVER IS A PRIORITY TO PROTECT YOURSELF AND YOUR FAMILY SHOULD THE UNFORTUNATE HAPPEN .”
WOMEN ARE ALSO INCREASINGLY ASSUMING THE ROLE OF STEERING THE COURSE OF THEIR FAMILIES ’ FINANCIAL FUTURES , AS EVIDENCED IN STATS SA ’ S GENERAL HOUSEHOLD SURVEY THAT FOUND THAT NEARLY 40 % OF SOUTH AFRICAN HOUSEHOLDS ARE FINANCIALLY LED BY WOMEN .
ESTER OCHSE , PRODUCT HEAD , FNB INTEGRATED ADVICE ADDED , “ THERE ARE CERTAIN FACTORS THAT WOMEN NEED TO CONSIDER REGARDING THEIR FINANCES , SUCH AS LIVING LONGER THAN MEN AND TAKING CARE OF THEIR EXTENDED FAMILY . WHEN IT COMES TO PROTECTING LOVED ONES , THINGS LIKE LIFE COVER OR FUNERAL COVER AND HAVING A WILL IN PLACE SHOULD BE CONSIDERED . ALTHOUGH MORE WOMEN TEND TO TAKE UP LIFE AND FUNERAL COVER AS OPPOSED TO MEN , THE QUESTION ALWAYS IS , IS THE COVER ENOUGH ? THAT IS WHERE YOU WILL NEED TO GET ADVICE TO GUIDE YOU IN DETERMINING THE RIGHT AMOUNT OF COVER REQUIRED FOR YOUR SPECIFIC CIRCUMSTANCES .” FNB INSURE PROVIDES AN OVERVIEW OF SOME OF THE KEY INSURANCE COVER FOR POTENTIAL FINANCIAL :