At COVER, I recently had the opportunity to speak with Jaco Mostert, Group CEO of Workerslife, about the evolving role of life insurance in addressing financial vulnerability and promoting economic stability.
Jaco shared valuable perspectives on wealth transfer, financial responsibility, and the challenges facing the insurance sector in South Africa.
The Power of Wealth Transfer
“When it comes to life and health insurance, the concept of wealth transfer is critical,” Jaco emphasised. “People may not have the means to save significantly, but they can ensure their loved ones are financially secure when they’re no longer around.” He explained how a life insurance policy can act as a bridge, providing financial continuity for families who might otherwise face dire circumstances…
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