Estate Expense Cover
What is Estate Expense Cover
Estate Expense Cover pays cash directly into your estate in the event of death from both natural and accidental causes, to cover the fees and costs associated with winding up your estate.
The first 10% of the cash, up to a maximum of R 50,000.00, is paid to your nominated beneficiary within 48 hours of the claim being accepted. This benefit may be used to cover immediate expenses incurred in the event of death.
Who should buy Estate Expense Cover
If you have an estate that you intend to leave to your heirs, you should have Estate Expense Cover.
What is the benefit of having Estate Expense Cover
You can’t predict death, but you can ensure that you don’t burden your heirs with the costs associated with winding up your estate. This will protect the legacy you leave behind.
How much Estate Expense Cover should you have
The amount of cover required depends on the size of your estate given that the fees charged are typically expressed as a percentage of this value.
Our insurance products have the following unique features:
- Online, convenient, money saving insurance with complete peace of mind
- Up to R6 million cover with no medical exams required
- Qualify for 20% Cash Back every 10 years
- Optional annual benefit increase of 5% to help keep pace with inflation
- Pays the first 10% of the benefit, up to a maximum of R 50,000.00, within 48 hours of the claim being accepted
- Cover is for your whole life
- Covers natural and accidental death
- Entry age of 20 to 65
- Increase, decrease or cancel your cover any time without penalties
- You, the life insured, or your spouse may make the monthly payments
Our Client Benefits
Our clients have 24-7 access to the following benefits:
- Quote in under 1 minute, buy in less than 20 minutes – online!
Access to myinstantlife.co.za, a secure and convenient online policy management service
- Change your banking and contact details easily - saving you time
- View your policy communications and policy documents
- Make changes to your levels of cover
- Update your beneficiaries
- Always have a beneficiary nominated. Without a beneficiary nomination the initial cash payment of 10%, up to a maximum of R 50,000.00, will also fall within your estate and that means a delay in getting it to the people who need it most, your loved ones.
- If you are married it is always good to nominate your spouse as a beneficiary. By doing this you will save on estate duty.
- Have your will regularly updated. It is the only way to ensure that your assets go to the right people after your death.