Keeping your financial compass true
Adéle Prinsloo, Central Regional Manager, Old Mutual Namibia

Keeping your financial compass true

Life is a journey filled with unexpected turns. While we plan for the future, significant changes in our circumstances can occur – marriage, children, career advancements, or even health concerns. These milestones can leave our long-term insurance plans misaligned with our current needs.

This is why we need to emphasise the importance of regularly reviewing your insurance portfolio to ensure it remains a robust safety net, safeguarding your financial well-being throughout life's ever-evolving landscape.

The first step towards maximising the value of your long-term insurance is a thorough understanding of your existing coverage. Take time to meticulously review your policies, demystifying the benefits offered and any limitations present. Consider this a critical step in building a strong financial foundation. A comprehensive grasp of your coverage empowers you to make informed decisions and fosters a sense of security.



Review as life unfolds

Our priorities and financial needs naturally evolve throughout life. What was deemed essential five years ago may no longer hold the same weight today. Perhaps you have started a family, embarked on a new career path, or experienced a shift in health.

These significant milestones necessitate a re-evaluation of your insurance portfolio.

Regularly reviewing your coverage ensures it remains relevant and adaptable, offering comprehensive protection as your life unfolds.

Similar to investment strategies, diversifying your insurance portfolio can be a prudent approach. Explore options beyond traditional life insurance, considering disability coverage or critical illness protection. Building a well-rounded safety net with various policies mitigates risk and guarantees comprehensive coverage tailored to your specific requirements.

Certain insurance plans accumulate monetary value over time. Understanding how to access and utilise this cash value unlocks a wealth of financial opportunities. This flexibility empowers you to supplement your income, address unforeseen expenses, or even enhance your overall investment portfolio.



Valuable asset

The financial landscape is constantly in flux, and the insurance industry is no exception. Legislative changes, economic fluctuations, and advancements in insurance products can all impact the performance and value of your policies.

Staying abreast of industry trends and maintaining a dialogue with a qualified financial adviser empowers you to navigate these changes and maximise the value of your insurance portfolio.

Consider your financial adviser a valuable asset in managing your long-term insurance needs. They serve as your insurance guru, readily available to answer your questions, assist with claims, and guide you towards the most suitable options for your evolving financial situation. Cultivating a strong relationship with your adviser is paramount to maximising your financial security and achieving your long-term goals.

By proactively reviewing your insurance portfolio and adapting it to life's changes, you ensure it remains a reliable companion, safeguarding your financial well-being and the well-being of your loved ones throughout life's journey.

Advertisments

Katima Mulilo: 7° | 27° Rundu: 7° | 27° Eenhana: 9° | 29° Oshakati: 10° | 28° Ruacana: 10° | 29° Tsumeb: 10° | 25° Otjiwarongo: 9° | 24° Omaruru: 8° | 27° Windhoek: 7° | 23° Gobabis: 8° | 23° Henties Bay: 16° | 31° Wind speed: 41km/h, Wind direction: NE, Low tide: 03:21, High tide: 09:25, Low Tide: 15:12, High tide: 21:59 Swakopmund: 18° | 25° Wind speed: 29km/h, Wind direction: SE, Low tide: 03:19, High tide: 09:23, Low Tide: 15:10, High tide: 21:57 Walvis Bay: 19° | 31° Wind speed: 31km/h, Wind direction: SE, Low tide: 03:19, High tide: 09:22, Low Tide: 15:10, High tide: 21:56 Rehoboth: 8° | 25° Mariental: 10° | 25° Keetmanshoop: 12° | 24° Aranos: 9° | 25° Lüderitz: 15° | 31° Ariamsvlei: 12° | 25° Oranjemund: 11° | 23° Luanda: 22° | 24° Gaborone: 10° | 24° Lubumbashi: 7° | 25° Mbabane: 9° | 22° Maseru: 5° | 18° Antananarivo: 12° | 24° Lilongwe: 10° | 25° Maputo: 16° | 26° Windhoek: 7° | 23° Cape Town: 13° | 18° Durban: 13° | 23° Johannesburg: 10° | 20° Dar es Salaam: 20° | 31° Lusaka: 11° | 24° Harare: 9° | 22° | Currency: GBP to NAD 23.23 | EUR to NAD 19.61 | CNY to NAD 2.53 | USD to NAD 18.35 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.7 | ZWL to NAD 0.04 | BRL to NAD 3.42 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.42 | USD to AOA 852.48 | USD to BWP 13.64 | USD to EGP 47.66 | USD to KES 128.48 | USD to NGN 1480 | USD to ZAR 18.34 | USD to ZMW 26.1 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1677.76 Up +1.23% | Casablanca Stock Exchange (CSE) MASI 13188.79 Up +0.20% | Egyptian Exchange (EGX) 30 Index 26417.6 Up +1.09% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 331.76/OZ UP +1.28% | Copper US$ 4.46/lb UP +0.12% | Zinc US$ 2 800.00/T DOWN -2.51% | Brent Crude Oil US$ 83.53/BBP UP +1.43% | Platinum US$ 944.64/OZ DOWN -0.0035 | Sport results: Weather: Katima Mulilo: 7° | 27° Rundu: 7° | 27° Eenhana: 9° | 29° Oshakati: 10° | 28° Ruacana: 10° | 29° Tsumeb: 10° | 25° Otjiwarongo: 9° | 24° Omaruru: 8° | 27° Windhoek: 7° | 23° Gobabis: 8° | 23° Henties Bay: 16° | 31° Wind speed: 41km/h, Wind direction: NE, Low tide: 03:21, High tide: 09:25, Low Tide: 15:12, High tide: 21:59 Swakopmund: 18° | 25° Wind speed: 29km/h, Wind direction: SE, Low tide: 03:19, High tide: 09:23, Low Tide: 15:10, High tide: 21:57 Walvis Bay: 19° | 31° Wind speed: 31km/h, Wind direction: SE, Low tide: 03:19, High tide: 09:22, Low Tide: 15:10, High tide: 21:56 Rehoboth: 8° | 25° Mariental: 10° | 25° Keetmanshoop: 12° | 24° Aranos: 9° | 25° Lüderitz: 15° | 31° Ariamsvlei: 12° | 25° Oranjemund: 11° | 23° Luanda: 22° | 24° Gaborone: 10° | 24° Lubumbashi: 7° | 25° Mbabane: 9° | 22° Maseru: 5° | 18° Antananarivo: 12° | 24° Lilongwe: 10° | 25° Maputo: 16° | 26° Windhoek: 7° | 23° Cape Town: 13° | 18° Durban: 13° | 23° Johannesburg: 10° | 20° Dar es Salaam: 20° | 31° Lusaka: 11° | 24° Harare: 9° | 22° Economic Indicators: Currency: GBP to NAD 23.23 | EUR to NAD 19.61 | CNY to NAD 2.53 | USD to NAD 18.35 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.7 | ZWL to NAD 0.04 | BRL to NAD 3.42 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.42 | USD to AOA 852.48 | USD to BWP 13.64 | USD to EGP 47.66 | USD to KES 128.48 | USD to NGN 1480 | USD to ZAR 18.34 | USD to ZMW 26.1 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1677.76 Up +1.23% | Casablanca Stock Exchange (CSE) MASI 13188.79 Up +0.20% | Egyptian Exchange (EGX) 30 Index 26417.6 Up +1.09% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 331.76/OZ UP +1.28% | Copper US$ 4.46/lb UP +0.12% | Zinc US$ 2 800.00/T DOWN -2.51% | Brent Crude Oil US$ 83.53/BBP UP +1.43% | Platinum US$ 944.64/OZ DOWN -0.0035 |