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Ongoing Expense Cover

• What is Ongoing Expense Cover

  Ongoing Expense Cover pays 12 equal monthly instalments to your beneficiaries in the event of death from both natural and accidental causes, to cover day-to-day expenses while your estate is being wound up.

• Who should buy Ongoing Expense Cover

  If you have an estate that you intend to leave to your heirs, you should have Ongoing Expense Cover.

• What is the benefit of having Ongoing Expense Cover

  You can’t predict death, but you can ensure that your dependants have access to money to cover their day-to-day expenses while your estate is being wound up.

• How much Ongoing Expense Cover should you have

  The amount of cover required depends on your day-to-day expenses.

Product Highlights

Our insurance products have the following unique features:

• Online, convenient, money saving insurance with complete peace of mind
• Qualify for 20% Cash Back every 10 years
• Optional annual benefit increase of 5% to help keep pace with inflation
• Up to R1.2 million cover with no medical exams required
• Pays 12 equal monthly instalments of up to R100,000.00 each
• 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

Tips

• Always have a beneficiary nominated. Without a beneficiary nomination the cash will 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.