A good starting point is to protect your full annual income through an income protection policy. You should have enough protection to cover your monthly living expenses (rent/bond, groceries, utilities and importantly your medical aid contribution) if you were in a situation where you couldnt work.

This can be provided for in the form of an income or a lump sum benefit, or a combination of both. It is best to discuss this in more detail with your Financial Advisor to determine you’re your specific needs.