Brief overview of our process

Our Planning process :
 
How much cover does one really need ? With the help of technology we are able to comprehensively asses the required cover in order to meet the desired income need in death , disability and retirement . Our lives revolve around a tight budget and we use current monthly budgets to create a financial model to address the income need for dependants on death ,disability or disease.

At DPA Wealth consultants, our in-depth information capturing process allows us to develop a live , personalised financial model allowing the client to get a full picture of their financial future 
We are able to do this plan over Zoom of Microsoft teams and once we have all your relevant information it really is easy to update your plan should the need arise .  
 
Click here for an appointment with one of our advisors for a  demonstration.
 
Why Life insurance?
 
Many people forget to consider the impact of Estate fees in the event of death . For sure all debt needs are to be taken care of and enough money left for dependants should this be a requirement but many forget that there will be Executor fees , Estate duty and Capital gains tax to consider depending on how one has structured their Will . 
In our planning we take all of these hidden costs into the equation when working out how much cover is needed so dependants aren’t left short changed.
 
One hopes that this will be a total waste of money and as DPA is an independent practice we are able to advise on which insurance company will give best value for the cover required.
 
Why Disability Insurance? 
 
The biggest asset any person has is the ability  to generate an income . If this is taken away due to injury or illness this will leave family members with a financial responsibility that has not been planned for and will have an impact of lives and savings strategies. Income can be protected in the form of an income protection policy and this should be combined with a lumpsum disability benefit that will take care of all debt and any additional changes to ones lifestyle that will need to be made . Lumpsum disability payments are only made if the disability is permanent and totally unable to recover . This is why it is a good option to have an income protection that will pay you an income until permanence is established.
 
Dread disease Insurance? 
 
This is the most expensive of all lumpsum pay-outs. Possibly due to the stress we live under , food we eat and air we breathe.  Difficult to work out an exact amount needed as you could have a triple bypass and be back at work after 3 month where as in the event of cancer treatment one could be booked off work for over 12 months depending on treatment . 

Medical aids may not cover all of the hospital costs so this is one of the reason to have the cover in place as well as one may need some time off work to recover and this could negatively impact your financial situation.