The latest FNB retirement survey revealed that many South Africans are allocating more funds to insurance than to their retirement savings. So how do we find the balance between insuring for the unexpected while investing for longevity? This is the topic of the latest episode of the Retirement Reimagined series, with host Maya Fisher-French and guest Deepesh Desai, head of FNB Life. 

Maya and Deepesh discuss how to utilise insurance to protect retirement savings and what types of insurance are suitable once you are retired. Deepesh explains how understanding one’s unique financial situation and life stage is vital in determining appropriate insurance coverage.

Key topics covered:

• The relationship between insurance spending and retirement savings

• How insurance can safeguard your retirement nest egg

• The importance of assessing insurance needs at different life stages

• The role of legacy planning and estate liquidity in insurance decisions

• The impact of critical illnesses on retirement planning and insurance needs

• The necessity for democratising financial advice to ensure informed insurance choices

By understanding how to integrate insurance into your overall financial strategy, you can better prepare for a secure and comfortable retirement. Tune in to gain clarity on how to protect your financial future while pursuing your retirement goals.

For more information on the retirement survey, click this link.