Step 1: Structure your policy
There are a number of factors to consider when you are thinking of taking out life insurance:
Will I be able to access my life insurance cover if I need to?
The Discovery Life AccessCover™ allows you to convert your life cover into an immediate payout at a pre-defined conversion rate for a range of life-changing events. Find more information on accessing your life cover here.
How much cover do you need?
You need to take into account all your current financial commitments and those you will have in the future, to work out how much life cover you need. You can have your benefits increase every year at the consumer price index (CPI) or a fixed percentage.
Ensure your level of cover suits your needs
The LIFE FUND is yours to manage to ensure maximum cover.
- With The Minimum Protected FUND the balance in the LIFE FUND will never drop below a specified protected level- no matter how many benefit payments or what value of payments have been made
- The FUTURE FUND Benefit allows you to increase your cover yearly without any extra underwriting.
- The Global Linkage Benefit guarantees your cover in hard global currencies. You can protect your cover level in US Dollars, British Pounds or Euros, while paying your premiums in Rands.
What level of protection do I need?
Within the Discovery LIFE PLAN, the level of protection differs between the Classic LIFE PLAN and the Essential LIFE PLAN.
The Classic LIFE PLAN is designed to provide the most comprehensive and efficient long-term protection for the policyholder and his or her family.
The Essential LIFE PLAN provides cost-effective protection for a defined level of cover for the policyholder.
Click here to learn more about structuring your LIFE PLAN (English )
