This benefit provides cover for your family or dependents where your whole contribution goes towards covering the risk of your death. There is no investment portion which means that your full death benefit will be paid out directly to your beneficiaries when you die.\u00a0 You also have the option to take Renewable Life Cover where you pay a level contribution amount which Is guaranteed for 15 years.\u00a0 After that time you have the option to renew your cover at an increased contribution or maintain your current contribution but reduce the amount of your cover.<\/p>\n
If the Life assured is diagnosed with a terminal illness likely to lead to\u00a0their death within 12 months of diagnosis, the Terminal Illness Benefit can be exercised, which will pay out 100% of the sum assured in full and final settlement of the Renewable Life Cover claim.\u00a0 This benefit is automatically part of the contract.<\/p>\n
The Immediate Expenses Benefit pays an amount to the specified beneficiary within 48 hours of receipt of the claim requirements in the event of death of the Life Assured.\u00a0 This benefit can only be selected on one product, and a two year waiting period applies.<\/p>\n
The benefit limits are 10% of the sums of the Life Cover and Renewable Life Cover sums assured up to a maximum of R50 000.<\/p>\n
– Pays a lump sum on the death of the life assured<\/p>\n
– Life Cover is a core risk protection benefit<\/p>\n
– Available as a non-accelerated benefit only<\/p>\n
– It is not a requirement to select Life Cover on the Lifestyle Protector.<\/p>\n
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Entry ages:<\/strong><\/p>\n Min:<\/strong> 15 next birthday, 20 for Age Rated.<\/p>\n Max:<\/strong> 80 next birthday.<\/p>\n <\/p>\n Benefit term:<\/strong><\/p>\n Whole of life.<\/p>\n <\/p>\n Benefit limits:<\/strong><\/p>\n Min:<\/strong> R100 000<\/p>\n Max:<\/strong> No maximum applies, subject to financial underwriting.<\/p>\n <\/p>\n Terminal illness benefit:<\/strong><\/p>\n If the Life assured is diagnosed with a terminal illness likely to lead to his\/her death within 12 months of diagnosis, the Terminal Illness benefit can be exercised, which will pay out 100% of the sum assured in full and final settlement of the Life Cover claim.<\/p>\n This benefit is automatically part of the contract.<\/p>\n No contributions will be charged for this benefit.<\/p>\n <\/p>\n Contribution pattern:<\/strong><\/p>\n Level and Age Rated contribution payment patterns available. Renewable pattern not<\/strong> available.<\/p>\n <\/p>\n Guarantee:<\/strong><\/p>\n Based on contribution pattern. Life Cover guaranteed for 10-year intervals.<\/p>\n Contributions will not increase by more than 25% at the end of year 10 for rating categories 1 and 2.<\/p>\n <\/p>\n Immediate expenses benefit:<\/strong><\/p>\n The Immediate Expenses Benefit pays an amount to the specified beneficiary within 48 hours of receipt of the claim requirements in the event of death of the Life Assured.<\/p>\n This benefit will only be payable once per Life Assured and can only be selected on one contract.<\/p>\n A two year waiting period applies.<\/p>\n <\/p>\n Benefit limits:<\/strong><\/p>\n It is 10% of the sum of the Life Cover and Renewable Life Cover sums assured up to a maximum of R50000.<\/p>\n <\/p>\n Claim requirements:<\/strong><\/p>\n Death Certificate <\/p>\n Please fill out the from below if you have any interest or queries about this product.\u00a0 The companies require original applications to be completed and submitted with them.\u00a0 Profcon will contact you to answer any questions you might have and arrange an appointment for an advisor to come see you.<\/p>\n\n\t\t
\nSpecified beneficiary\u2019s banking details.<\/p>\n