Life cover and Risk Insurance

Compiled to benefit you and your loved one

Life Cover Provision for your spouse and children when you die

Life Cover
Disab ility Cover
Critical Illness or Dread disease
Modified Death Benefits (if you can’t get cover due to Medical reasons)
Income Protection
Funeral Cover

LIFE COVER

Financial protection for your family when you pass away, to make sure they’re provided for. Leaving a legacy for your loved ones and family is all about planning. Life Cover will take care of your family and financial commitments when you no longer can.

Many of us buy life insurance because we want to make sure that our loved ones remain financially secure after we die. Income replacement is the primary reason people buy life insurance.

WHAT IS LIFE COVER?

Life Cover ensures that your financial responsibilities are taken care of in the event of your death. It ensures that your family has a sufficient income and provides them with peace of mind. Assuring that money will be the least of their worries.

A life cover policy replaces the income you would have earned during your working life. Thus ensuring that your family is financially secure. Now you can take care of your family ever after you have passed on.

DISABILITY COVER

Receive a lump sum payment if you’re permanently unable to work, or a percentage payment if you become moderately impaired. If you were unable to work because of an illness or injury, how would you pay for your expenses? With our Disability Cover you can protect your biggest asset – your ability to earn an income.

WHAT IS DISABILITY COVER?

Compensates you if you're unable to work and earn an income because of an illness or injury. Disability Cover ensures that you’ll continue to have an income, even if you're no longer able to work due to illness or injury.

It provides for expenses that occur because of the disability suffered, for example, alterations to your vehicle or home. It isn’t just about planning for the worst to happen. It’s a positive step toward protecting your financial future.

CRITICAL ILLNESS AND DREAD DISEASE | LIFE COVER OPTIONS

Do you know for certain that your family would be financially taken care of if you died tomorrow? If not, you need life cover insurance , which provides a safety net for the loved ones who depend on your income to survive. But where should you start and how much life insurance do you need? Insure It Wize will help you find out.

Safeguard you and your family from the financial uncertainty that comes with serious illness, disability or death. Life is full of surprises and not all of them are good. If you’re the breadwinner in your family, your death could leave your partner and children financially vulnerable. We know that nothing can replace you, but our long-term insurance partner policies will provide them with the security and protection they need should the worst happen.

You’ll also have the peace of mind that comes with knowing that your family will be taken care of. Our portfolio of partner packages offers you affordable monthly premiums ensuring that in the case of your death or disability, or if you suffer from a critical illness, a tax-free lump sum will be paid out. This can be used to pay off your bond or other debts, living expenses, and ongoing medical care if needed.

INCOME PROTECTION COVER

Pays you a monthly income if you’re permanently or temporarily unable to work, due to disability, impairment or illness.

WHAT IS INCOME PROTECTION COVER?

It provides an income if you’re unable to work due to disability, impairment or illness. Most people plan and dream based on the assumption that they’ll continue to earn an income until they retire. But what if something happens to you and you’re unable to work? Income certainty determines your quality of life and your family’s financial security.

Without an income you would be left struggling to pay for your financial expenses like school fees or bond repayments. Income Protection Cover will give you peace of mind that your financial expenses will be taken care of.

MODIFIED DEATH BENEFITS

The Modified Death Benefit pays the claim amount on the death of the insured life.

Features
- The benefit is available as a stand-alone benefit.
- Only lives that were declined cover under the Death Benefit on account of substandard health are eligible for this benefit. A negative HIV test result will be required.
- Lives that were declined cover under the Death Benefit on account of hazardous activities or occupation will not be eligible for this benefit.
- Only the level premium pattern is available.
- Momentum guarantees the premium for five years.
- The policyholder may choose either premium increases of 3% – 5% or CPI or benefit amount increases of 3% – 5%, CPI or RDI.
- The following ancillary benefits may be attached to the Modified Death Benefit:
— Death - Premium Waiver
— Comprehensive Disability -Premium Waiver
— Functional Impairment - Premium Waiver
— Retrenchment -Premium Waiver
- These benefits may only be taken on the life other than the insured life under the Modified Death Benefit. The lives under these benefits are subject to underwriting.
- If the insured life dies within the first three years from the starting date of this benefit, Momentum will pay:
— An amount equal to 100% of all premiums paid for this benefit (without interest) on natural death.
— The lump sum benefit amount on unnatural death.
- If the insured life dies after the first three years from the starting date of this benefit, the lump sum benefit amount will be paid.

FUNERAL COVER

Choose from a wide range of funeral cover options designed to meet your needs. As life is so unpredictable and no one really knows when a death may occur, it is definitely a good idea to be prepared for life’s unfortunate events as soon as you are able to.

We’ve navigated the complicated world of insurance to get the best quotes around so you don’t have to spend hours online or on the phone.

FUNERAL PLANS ARE DESIGNED TO HELP YOU PLAN AHEAD

Just by actively taking an interest in getting a funeral cover plan, you will already educate yourself when it comes to dealing with the unfortunate event of death. Speaking to someone who offers funeral cover policies, gives you the opportunity to talk to people that are qualified and authorised to help you get the best cover for you and your family. You can also get more information from your broker or direct funeral cover provider you choose to use. Therefore also just make sure that you do your own research when it comes to planning.

10 more benefits of an Avbob cash-back funeral policy:
- You can choose the insured amounts - So you can get the cover you can afford.
- Accident benefit for the main insured person-We will pay double the insured amount if the death was because of unnatural causes*, like a car accident (not suicide).
- No waiting period for accidental death cover - If the policy has started and first premium has been paid you can claim for death due to an accident.
- Spouse benefit - You can cover your spouse under this policy.
- Children's benefit - add your own, step- or legally adopted children and only pay for one child.
- Parent benefit - You can cover your parents and, if you add your spouse, you can cover your parents-in-law too.
- Extended family benefit - You can add up to six other family members, like brothers, sisters, grandparents, foster children, grandchildren, in-laws, uncles, aunts, nephews, nieces, cousins and even an additional spouse and their children and parents to this policy.
- Breadwinner benefit - If you are the main insured person and the premium payer, when you pass away, your spouse, children, parents, parents-in-law will stay covered without the need to pay any more premiums.
- Special bonuses - From time to time, Avbob might declare special non guaranteed bonuses. These could increase the value of your cover even more.
- Easy payment options - You can pay your premium in cash, by bank debit order or by stop order.