SWM Financial Advisors believe...After many decades of growth & flourishing during our darkest political times, South Africa’s life assurance industry finds itself in a state of turmoil with much media, public & government attention for the way in which it has treated its policyholders & the high costs & poor returns that it has provided them with. Helped by the thousands of salespeople that they have employed or developed & who have become skilled at managing relationships that can sometimes be exploited, life assurance companies have continued to prosper at the expense of their policyholders. Life companies have typically developed & sold products that combined risk & investment, offered weak guarantees, subjective & vague disability cover with early expiry ages & limited or inappropriate dread disease cover, all packaged in very complicated, hard-to-understand policy documents.
Moreover, their endowments & retirement annuity products offered combinations of high costs, low flexibility & extremely high penalties & were characterised by a lack of transparency, all of which contributed to the very disappointing returns that policyholders usually received from their products. With the extensive experience & insight gained across the industry over the past 21 years, & our independent financial analysis methods & systems, Structured Wealth Management’s financial advisors are uniquely positioned to analyse a client’s existing life assurance & investment portfolio & to construct solutions that enhance this whilst frequently saving him money. SWM advisors are able to develop advice & solutions that are clear & uncomplicated, transparent & places the client’s interests first, & where appropriate, to guide clients away from investing within life assurance companies that are, structurally, in an inferior position to offer meaningful value.