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Millennial Insurance Gap - Irrational under-consumption of life insurance

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Millennial Insurance Gap - Irrational under-consumption of life insurance

*Assumptions: Starting salary of R20 000, in line with industry, estimated averages. Discount rate of 8%. Salary inflation of 8% with additional 10% boosts every five years for the first 20 years of the 25-year-old’s salary. 25 and 45-year-olds have the same starting salary.
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  • By: Discovery Life
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Felicity Hudson

Felicity Hudson

Press contact Head of Reputation Management Discovery Group 0115294514

Nthabiseng Chapeshamano

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Munene Khoza

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Shanti Aboobaker

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Gugu Yika

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