Credit Life is usually included with the original credit agreement by your credit providers, as a condition of taking out credit, and is always included in your monthly instalment.
As part of your debt management process you have the option to replace and consolidate your Credit Life Cover, which could reduce your monthly premium and save you money.
Credit Life Cover will protect your family in the following situations:
Death – Your outstanding balance will be settled
Temporary Disability – Your instalment will be covered for up to 12 months
Permanent Disability – Your outstanding balance will be settled
Critical Illness/Dread Disease – Your outstanding balance will be settled
Loss of Income – Your instalment will be covered for up to 12 months
Life Cover
Life Cover safeguards your assets and will help protect your family’s financial future by replacing your income and covering additional debt, for instance your bond, in the event of death, disability or dread disease. This allows you and your family to afford your living expenses if you are no longer able to generate an income.
Your outstanding debt will also be covered in the event of death or disability.
Remember, Life Cover provides for your family when you can’t.
In the event of your death, your beneficiary will be paid a cash amount that will help cover your family’s living expenses and settle additional debt, such as your bond for five years.
If you are permanently disabled as a result of injury or illness and you can no longer work, a cash amount will be paid to you to help you cover your living expenses by replacing your income.
If you become critically ill or contract a dread disease like cancer, you will be paid a cash amount to help pay your expenses and medical costs.
Multiple funeral policies can lead to unnecessary costs, duplicate cover and confusion. Consolidate your cover by covering all of your family members on one policy and save. Funeral cover protects your family against the costs of your burial.
It also contributes to the costs of your family members’ burials by providing immediate funds to you or your family.
We can safeguard your belongings and save you money on your monthly short-term insurance premiums, negotiating and acting on your behalf with leading South African short term insurance companies.
We can insure your:
- Vehicle/trailer/caravan and boat
- Building
- Home contents
- Personal portable possessions