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Your life cover policy ensures your family has funds when you are no longer around to provide for them. But what if you become disabled or suffer a dread disease and are unable to work, could you and your family cope financially? Disability and dread disease cover could help ease the financial strain, ensuring you and your family can pay the bills! The good news is that you don’t have to take out a separate policy to be covered for these events, you can add disability and dread disease cover to your 1Life Insurance Pure Life Cover policy!
Why dread disease and disability cover matter
Life expectancy has increased, and many get to meet their grandchildren as well as great grandchildren! It’s wonderful to meet future generations, but living longer also means you have a higher chance of being diagnosed with a dread disease such as cancer or heart disease! A growing population also means more people on the roads, increasing the chances of a traffic accident that could result in a permanent disability! These events are costly. There are medical bills, rehabilitation costs and future expenses that need to be paid, including replacing lost income if you cannot work and earn an income. Dread disease and disability cover ensure you have funds for the additional expenses you incur if you are diagnosed with a dread disease or become disabled.
Importance of dread and disability cover
Dread disease cover pays a lump sum amount on the diagnosis of a serious illness covered by the policy, for a valid claim. These illnesses include heart disease, cancer and stroke, and other illnesses such as motor neuron disease, lupus and rheumatoid arthritis. Each policy has a list of dread diseases that is covered. The pay-out for the diagnosis of a dread disease depends on the severity of the disease, such as 25% of the sum assured for a stage 1 cancer diagnosis or 100% for a stage 4 cancer diagnosis.
Statistics show that the incidence of dread diseases is increasing. Treatment costs alone can run over R100 000. In addition, you may need time off work to deal with the disease and complete treatment, which can impact your earnings. The pay-out from a dread disease cover policy can ensure you can pay for treatment, pay the monthly bills and have a little extra to help you recuperate.
Disability cover is similar to dread disease in that a lump sum amount is paid in the event of a permanent disability, for a valid claim. Occupation-based disability cover pays out if you can no longer perform your own or a similar job due to a disability. Event-based disablement pays out if a disability occurs, such as if you lose your arm in a boating accident. Disability, like dread disease, can require costly medical treatment and rehabilitation, and affect your job and earning potential. The pay-out for a disability from a disability cover policy can help you pay these costs and replace any lost income.
When you have life insurance, as well as dread disease and disability cover, you and your family are financially prepared for life’s inevitable as well as unexpected, life-altering events.
Benefits of adding dread and disability cover to your Pure Life Cover policy
You can take out dread disease and disability cover as standalone insurance policies, or you can have the convenience of a comprehensive insurance solution by adding them to your 1Life Insurance Pure Life Cover policy! With all your cover on one policy, you have one premium to pay each month, one policy to update and maintain, and premiums for additional cover may be more cost effective than taking out separate policies.
How to add dread and disability cover to your Pure Life Cover policy
To add disability insurance and/or dread disease cover to your life cover policy, speak to a financial adviser or a skilled 1Life Insurance consultant. They will advise what forms need to be completed and where to send them. No medical tests other than an HIV test are required, however you will need to answer questions about your health and any previous conditions, as well as your occupation and any dangerous hobbies.
When you add dread disease and disability cover to your Pure Life Cover policy, ensure you know:
- How much the premium will be each month
- What is covered and at what percentage pay-out, such as 100% of the sum assured
- If there are any age limits that apply to cover
- If there are any exclusions where the policy will not pay a claim
- What will constitute a valid claim
Ensuring transparency and trust
1Life Insurance is a licensed insurer and financial services provider that offers comprehensive insurance solutions and has been changing policyholders lives for nearly two decades. 1Life Insurance life cover policies can be tailored to your needs and budget, with life cover from R300 000 up to R10 million, dread disease cover of up to R4 million and disability cover of up to R10 million. Policies are easy to take out, manage and claim. We have been voted an iconic brand 2 years in a row, in the 2022/2023 and 2023/2024 Ask Afrika Icon Brands Awards and have been recognised as South Africa’s #1direct life insurer in the annual Swiss Re Reports for 11 consecutive years! Our policyholders are always top of mind, and in 2023 and 2022, we had the highest net sentiment in the PWC SA Insurance Index Report.
Enhance your protection with comprehensive cover
Adding dread and disability cover to your Pure Life Cover policy can significantly bolster your financial security and ensure that you and your loved ones are well-protected against life’s unexpected challenges. 1Life Insurance is committed to providing simple, accessible solutions to help you secure your financial future. Take the next step in safeguarding your well-being by exploring how to enhance your Pure Life Cover policy with dread and disability cover today!