In today’s video we look at why disability definitions are important when taking out disability cover. Disability cover definitions can be difficult to understand at times & you could end up taking out the cover thinking that you’re automatically going to get a 100% pay-out, which isn’t always the case.
Old Mutual Accidental Death & Disability
Old Mutual’s Accidental Death & Disability Plan provides the cover you need. An affordable accidental death & disability plan – cover starting from R50 000. No waiting period: cash benefit paid out immediately to you or your family should you be involved in an accident that results in your death or permanent disability. Choose your benefit amount: from R50 000 to R250 000, to suit your budget.
Death/disability from causes other than an accident: full refund of all premiums paid. Cash back benefit: After every 5 years of premiums paid you will receive a cash-back benefit equivalent to five premiums. Premium Holiday: you can skip up to 6 premiums over the life time of the plan. If you repay any skipped premiums, the relevant premium holidays will be reinstated.
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If you have any questions please don’t hesitate to contact us
The InsuranceFundi Team