Standard Funeral Plan

No one should have to endure the financial burden of a funeral while they are grieving. The Standard Funeral Plan helps cover the costs of the funeral for you and your Spouse, children, parents, and extended family.

Benefits

This plan provides the following cover packages:

• Up to R75 000 cover for you and your spouse
• Up to R50 000 cover for up to four parents and eight children
• Up to R30 000 cover for up to eight extended family members

You can choose a single month once per year to skip a payment without losing your cover. You can also get back five months’ worth of premiums every five years, even if you claim.

Education Benefit

The Education Benefit can be taken out with the Standard Funeral Plan to assist with the costs of education for the policy holder’s children in the event of the policy holder’s death.  This benefit* works as follows:

• Pay-out is made upon the death of the main life insured.
• Pay-out is made directly to the education institution that the child/ children attend.

You can choose any month once a year to skip a payment, without losing your cover.

Pay back five months’ worth of premiums every five years.

You receive a survival benefit of 10% of premiums when the child turns 18 years and the principal life insured is still alive.

On death, an Additional Expense Benefit of 10% of the Education Benefit, for the particular year, will be paid annually to assist with items such as school uniforms, stationery, and textbooks.

Required Information

• Provide your financial adviser with the appropriate identification documents.
• There are no medical tests required.

Extended Family Funeral Plan

The Extended Family Funeral Plan covers the costs of a funeral for your extended family member/s, to relieve you from the financial burden when you are grieving.

Benefits

This is full life cover for four extended family members from as little as R37 a month. The minimum cover is R5 000 and the maximum is R40 000. The claims pay-out is made to you within 48 hours upon Liberty receiving all the necessary documentation.

You can choose a single month once a year to skip a payment without losing your cover. You also get back five months’ worth of premiums* every five years even if you claim.

Required Information

• Provide your financial adviser with the appropriate identification documents.
• There are no medical tests required.

This article is a general information sheet and should not be used or relied upon as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice. Errors and omissions excepted (E&OE)