Life Insurance - Liberty Life Insurance

Liberty Life Insurance

 
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Liberty Life Insurance

Liberty was founded in 1957. Almost 60 years later, and with a presence in 18…

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Liberty Life Insurance

Liberty was founded in 1957. Almost 60 years later, and with a presence in 18 African countries, Liberty has grown from being a South African life insurer to a pan-African financial services company. Liberty offers asset management, investment, insurance and health products to 3.2 million people across Africa.

Liberty Life Insurance:

Find out more about Liberty Life Insurance.

Read more about the Liberty Life Insurance products below.

Life protection:

Have peace of mind that your loved ones aren’t financially burdened when you’re gone.

Education Cover:

Liberty’s education cover will pay your child’s education costs directly to the institution in the event of your death, critical illness or disability until the end of their first tertiary degree.

EduCator:

The comprehensive EduCator is available when selecting any other stand-alone benefit on Lifestyle Protector. The benefit pays the costs associated with a child’s education if you should become severely ill or disabled or die.

The benefit provides the following:

  • Tuition fees, paid directly to the education institution
  • Allowances for international study at an approved institution
  • Supplementary allowance for other expenses associated with education, e.g. uniforms, stationery and textbooks
  • Achievement allowance to reward a child who excels in a sport or cultural or other activity and represents a South African province
  • Education for special needs if the child needs to go to an approved institution for the mentally or physically disabled
  • Guaranteed cover for new-born babies

The benefit will cover your child until the end of his or her first tertiary degree.

Education Benefit:

The Education Benefit is designed to help with the cost of education for the policyholder’s children in the event of the policyholder’s death. It pays out on the death of the main life directly to the education institution.

You can select a single month once per year to skip a payment without losing your cover, as described in the Standard Funeral Plan or the Comprehensive Funeral Plan. Additionally, Liberty will pay you back five months’ worth of premiums every five years, as described in the Standard Funeral Plan or the Comprehensive Funeral Plan.

When the child turns 18 and if the main life assured, for instance, the parent, is still alive, 10% of the premiums are returned.

If the main life were to die, an additional 10% of the Education Benefit cover is paid that year and every school year afterwards to help with additional school expenses.

 

Liberty Road Accident Family Protection Plan:

With the Liberty Road Accident Family Protection Plan, you and your family are covered for medical and related expenses if you are injured in an accident on a South African public road.

Life Cover:

The Liberty life cover plan offers policyholders peace of mind that their families will be taken care of when they aren’t able to.

With Life Cover, your Beneficiaries are paid out a lump sum after your death. The amount should be enough to settle outstanding debts and financial costs. The amount needed can be determined with assistance from your financial adviser.

Liberty’s Lifestyle Protector is designed to meet your changing needs throughout life. It is sufficiently flexible to give you the cover that you require to match your circumstances today, as well as adapt to your changing needs, as they unfold.

The Life Cover benefit available under Lifestyle Protector provides your nominated beneficiaries a lump sum in the event of your death.

If you are diagnosed with a terminal illness, you can select to be paid all of your life cover amount with the Terminal Illness benefit to get your financial affairs in order.

A financial adviser can assist you to decide on the appropriate amount required to meet these needs. Consider the Immediate Expenses benefit for the financial ease of your family.

Life Cover may be taken as a single entity on Lifestyle Protector. To get the full benefit of Lifestyle Protector, consider several benefits to ensure full risk protection for and your family.

Liberty contact details:

Address: 1 Ameshoff Street

Braamfontein

Johannesburg

2001

Email: [email protected]

Tel: +27 11 408 4871

Website: www.liberty.co.za

 

 


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