By: Velmah Nzembela
The holiday season is a time to relax, reconnect, and rejuvenate. But with bustling roads, packed airports, and unpredictable events, this high-risk season demands careful planning to ensure peace of mind. Safety during the holidays goes beyond travel insurance—it’s about preparing for every eventuality with comprehensive financial and insurance planning.
While travel insurance is essential for vacations, it only addresses a small part of holiday safety. To truly protect your loved ones, it’s crucial to review your funeral plan, life cover, retirement savings, and other long-term financial protections before you set off on your travels.
Beyond the basics: a holistic safety approach
While many people focus on safeguarding their luggage or medical needs, the festive season also underscores the importance of broader insurance considerations. The increased risk of accidents, heightened travel stress, and potential financial disruptions make it an ideal time to ensure your plans are up-to-date.
I encourage clients to look beyond the immediate and consider the long-term. Whether it’s securing life cover to provide for your family, updating your funeral plan, or reassessing your retirement savings, these measures guarantee peace of mind during the holidays and beyond.
Reviewing your policies
Insurance policies aren’t static—they need to adapt as your life evolves. Schedule a policy review every year, especially before high-risk periods like the festive season.
Life is constantly changing, and your insurance policies should evolve with it. Make an annual habit of reviewing your plans, particularly before high-risk periods like the festive season.
Check if your life insurance is sufficient to cover any outstanding debts or new expenses.
Reviewing your funeral, retirement, and saving plans is equally important. While no one wants to think about such possibilities during the holidays, it’s vital to have these plans in place.
Emergency preparedness and financial security
While insurance provides the foundation, a robust holiday safety plan includes being ready for emergencies. Keeping vital documents and policy information easily accessible, ensuring your dependents know whom to contact in emergencies, and maintaining clear communication are key steps.
Combining financial protection with practical preparedness creates a safety net that empowers families to enjoy the holidays stress-free.
Give the gift of peace
For many families, the best gift this season isn’t found under a tree—it’s the assurance that their loved ones are cared for, no matter what. As you celebrate the festive season, take a moment to think about more than just the journey—it’s about protecting your family’s well-being now and for years to come. A proactive approach to safety and financial planning ensures your holiday is filled with joy, not worry.
* Nzembela is the head of group corporate affairs at Assupol.
PERSONAL FINANCE