Debt in some form is almost unavoidable in modern life. There are good and necessary types of debt which allow you to generate income and increase your net worth. However, even these can instantly turn from a positive into a negative if you suffer a setback which affects your ability to earn a living. In those circumstances, even 'good' debt could quickly become a burden to you or your family if you found yourself unable to manage your obligations
That's where debt protection comes in - providing peace of mind with the knowledge that your outstanding debt will be covered in the event of death, disability or retrenchment.
Life insurance is never an easy conversation to have, yet if you understand the benefits and you deal with a trusted brand and financial advisor, you can avoid a situation where you end up wondering 'if only I had...'
To explore your options and take up Life Cover from Firstrand Life:
Whether your needs are to:
FirstRand Life has designed cover that matches your needs, with cover amounts that are based on your life stage, your health, your affordability and your occupation.
This is complemented with our straight forward claims process where we'll be on-hand to guide you through the process step-by-step.
You may be interested purely in Life Cover, which includes some automatic and optional benefits, or you can elect to combine Life Cover with Disability and/or Critical Illness cover. The Life Cover beneft provides a lump sum payment to either your beneficiaries or Estate after your death.
To explore your options and take up Life Cover from FirstRand Life:
Disability Cover is designed to help you financially if something happens that prevents you from being able to ever again do your occupation, or if you cannot care for yourself anymore.
There are two types of Disability benefits you can combine with Life Cover:
Critical Illness Cover is optional and can be combined with Life Cover. Becoming critically ill can have a financial impact on you and your family, so this insurance enables you to protect against the negative financial impact caused by suffering from a critical illness.
There are two types of Critical Illness benefts you can choose from:
Allows you to claim up to three times
Allows you to claim once, and in the event of a claim, your Life Cover lump sum amount reduces by the amount claimed for Critical Illness. Your premiums and lump sum benefit amount will be recalculated for the remaining duration of your Life Cover
Earn between R750 000 and R1 499 999 p.a. to qualify