LONG TERM INSURANCE ("LIFE INSURANCE")

Read and learn about these exciting products!

1. Funeral Insurance - it is a product designed to cover funeral costs, the amount is usually limited to R 30 000, 

R 50 000 or R 85 000 depending on the insurer. It pays out within 24 to 48 hrs of submitting the necessary documents.

2. Life Insurance - it is a product designed to protect the deceased's estate against creditors, to protect a creditor against the death of a debtor, or to provide financial needs to the dependents of the deceased when he/ she passes on. Most insurers usually offer this product from R 100 000 to R 20 000 000, and they are very cost effective compared to funeral covers, they will cost you from as little as R 150 per month. A young and healthy individual will enjoy the lowest premiums while an older and or unhealthy individual pays a bit more.

3. Disability Insurance - it is a product designed to protect an individual against a partial or total financial burden which may arise as a result of disability, this product pays a lump sum amount for the individual to be able to make certain life adjustments, i.e. buying a wheel chair, hearing aid, building a ramp, modify a vehicle or even to set up an annuity to boost the income for a new life challenge due to disability. The individual will decide how to use the money. A young and healthy individual will enjoy the lowest premiums while an older and or unhealthy individual pays a bit more.

4. Occupational Disability Insurance - this product is dependent on the impact that a disability may have in one's occupation, in the case where an individual may be retrenched or demoted due to a disability, this product will cover the income shortfall. A lump sum option may exist with some insurers. A young and healthy individual will enjoy the lowest premiums while an older and or unhealthy individual pays a bit more.        

5. Dread Disease Insurance - this product assists with the finances needed to adjust a life style in the case where an individual may be diagnosed with a dread disease such as cancer etc. A young and healthy individual will enjoy the lowest premiums while an older and or unhealthy individual pays a bit more.

6. Retrenchment Insurance - this product assists an individual with temporary income, usually for 6 months if they are retrenched. It does not cover voluntary retrenchment or resignation.

7. Investments - this product is designed to create wealth, different kinds of investments exist for both individuals and organizations, we only offer guaranteed investments, our client should be guaranteed a minimum return over a given term of investment. We create a risk profile in order to guide the investor and inform them about the risk and return projections thereof. Investments with lower risk have minimal returns while those with greater risk have higher returns.

8. Annuities - these are the type of investments which give the investor a living income on a monthly basis, like a salary, the investor will receive such income for a given term or till death, depending on the type of contract. A CPI rate can be linked to accommodate the effects of inflation over the term of the annuity.

Please do not hesitate to send us a quotation request at quotes@eyeage.co.za.