FEATURE
S & PI The game-changer advisers cannot ignore : PPS ’ s S & PI benefit
By Wimpie Mouton , PPS Life Solutions CEO
As financial advisers , you know the importance of planning for the future , especially when it comes to protecting your clients ’ most valuable asset : their ability to earn an income . Life is full of surprises , some positive and others less so . While clients may anticipate career milestones or personal achievements , they can also face unexpected challenges like illness , injury or financial setbacks . These risks can impact anyone but for graduate professionals , their ability to work is their primary asset . That is why it is essential to consider how best to protect this asset from life ’ s “ what ifs ” and turn them into “ what is ”.
UNDERSTANDING THE RISKS The numbers speak for themselves . According to the World Health Organisation ( WHO ), 1.3 billion people globally live with significant disabilities , with many of these arising from accidents . Workplace and road accidents are some of the most common causes . WHO estimates that every year , between 20 and 50 million people suffer non-fatal injuries in road crashes , many resulting in disabilities . Additionally , the WHO reports that approximately 374 million people globally are affected by workplace accidents annually .
These statistics highlight the risks that individuals face every day and it is critical to consider how prepared they are for the financial implications of such setbacks . An accident or illness may leave an individual unable to work but it is not just catastrophic events we need to worry about . Even something as common as the flu can disrupt income generation for those relying on consistent productivity .
THE IMPORTANCE OF FINANCIAL PROTECTION While clients often insure tangible assets like cars and homes , protecting their financial well-being during illness is frequently overlooked . Even if they continue earning an income while ill , their financial security could still be at risk . It is crucial to protect their financial well-being during illness to ensure that both their immediate needs and long-term goals are not compromised .
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