One of the largest insurance companies in South Africa, Alexander Forbes provides a range of personal, business and long-term insurance products through traditional insurance channels. They now also offer insurance direct to the public via internet quoting. Their life insurance products include life and disability insurance, comprehensive income disability benefit, disability and dread disease cover and dread disease benefit.
Alexander Forbes life and disability cover
Alexander Forbes’ life and disability cover is pure life cover with a disability benefit. That is, the policy pays out a lump sum in the event of the insured’s death. The disability benefit pays out in the event that the policyholder becomes disabled and can no longer earn an income. The policy also includes a terminal illness benefit, which pays out the whole death benefit in the event that the insured is diagnosed with a terminal illness.
Alexander Forbes comprehensive income disability benefit
The comprehensive disability policy for individuals provides income protection for insured’s in the event that they are disabled as a result of injury or illness. The policy is an occupational disability policy, that is, it pays out in the event that the insured is unable to perform his or her occupation. The benefit pays out the full monthly taxable income of the insured after predetermined waiting period.
Alexander Forbes whole life dread disease cover
Unlike the terminal illness benefit of the life and disability cover, the dread disease cover by Alexander Forbes pays out a lump sum in the event that the insured is diagnosed with a dread disease, such as cancer, heart attack or stroke. The money paid out can be used for medical bills or adjustments to lifestyle. The cover protects insureds from the most common of serious health conditions.
The Guardian Benefit attached to the dread disease cover also caters for recurring and serious (chronic) diseases that may not appear on their list. If the disease is assessed to be as chronic or serious as one on the list, the insured may be able to claim the full value of the policy.
For a range of life, dread disease and disability quotes, fill in our online form and a Life.co.za insurance representative will contact you shortly.