No one wants to think about the possibility of being retrenched or of losing their job in any way – basically, of the cash flow drying up. But what if it does?
As a result of the current economic climate, businesses have resorted to downsizing. If you don’t have the precautions in place to guard against retrenchment, you could struggle to meet your financial needs and obligations while you search for new employment. We asked Mariette Tappan, executive financial advisor at Liberty, about retrenchment insurance.
What is retrenchment insurance?
‘Retrenchment is just one of the risks that could negatively impact your income. A long illness, for example, is another. The term commonly used is ‘income protection’, and it’s a flexible package of benefits with the aim of protecting you against a wide range of risks. You decide on the extent of your coverage based on your life stage and the likely risks you might face. The volatile economy is a key risk, so it’s important to find ways to counter that.’
هذه القصة مأخوذة من طبعة November 2017 من Fairlady.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 2017 من Fairlady.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
'DESIRE IS NOT WHAT MATTERS'
Emily Nagoski wrote the book on women and desire - literally. And then her own sex life dried up. Here's what a prolonged sex drought (and a load of research) taught her about maintaining intimacy in a long-term relationship.
'We have to tell HARD STORIES'
Theatre director and playwright Yaël Farber is spending time in South Africa after her critically acclaimed run of King Lear at the Almeida Theatre in London. We chatted to her about the importance of the pursuit of truth.
THE WHY, THE WHICH & the wardrobe
We really got into it this month! Read on for more on the allure of a loosey-goosey jumpsuit, vintage-hunting and jingle-jangling jewellery, the best places to find quality African design and short-girl styling tips.
LIFT your GAME
Thought weightlifting was just for bodybuilders and powerlifters? Not so. In fact, 'lifting heavy shit' may be the secret to longevity, hormone regulation and mood for women through perimenopause and beyond.
TREATMENT PLAN ON YOUR MARKS
Armed with a six-month programme from Dr Nerina Wilkinson + Associates, Jennifer Morin set about tackling her sun damage and melasma.
PLAYING YOUR CARDS RIGHT
Here's how to get the most out of loyalty cards.
BIG SKY Country
Namibia. Twelve friends, five vehicles, 4000 km, thirteen days. Eight punctures, one angle grinder. One martial eagle, one full moon, one ghost town. Plenty of top-quality braais, maybe not quite enough oysters... and the best time ever.
IS YOUR HOME MAKING YOU SICK?
Leaks, damp and poor ventilation in old or poorly built new homes are being fingered for a growing health concern: mould.
HOW TO REALLY GET TO KNOW SOMEONE
The Korean word 'nunchi' describes 'the ability to be sensitive to other people's moods and thoughts'. It's an underrated skill that we seem to have lost.
How to write a memoir
Whether you want to share your experiences and insights with the world, leave a legacy or track pivotal experiences for yourself, writing your memoir can be a grand and worthwhile adventure. Here's some advice on how and where to begin.
