Dread Disease cover options

Critical Illness cover options

Liberty offers a variety of options for Critical Illness cover.

Living Lifestyle

The Living Lifestyle Benefit pays out a lump sum if you are diagnosed with one of the 31 specified conditions. Payment is determined by determining the severity and level of the Critical Illness based on the benefit categories and payment criteria as outlined by Liberty. There are more options that are available on Living Lifestyle to provide for more comprehensive protection.

There are a number of benefit categories covered by Living Lifestyle:

Living Lifestyle/Plus

Living Lifestyle Plus has several benefit categories and claims in any particular category will only accelerate the sum assured in that particular benefit category. A claim under one category will not affect the amounts available for any other category, or accelerate the life cover.
Living Lifestyle Plus is a core risk protection benefit.
Living Lifestyle has the same benefit categories, but each claim for the Critical Illness benefit will accelerate the life cover for the amount of the claim. Once 100% of the sum assured is claimed, the Critical Illness cover ceases.

Entry ages:

Min: 15 next birthday (Level and Renewable)
Min: 20 next birthday (Age Rated)
Max: 60 next birthday for term to 65.
Max: 70 next birthday for Whole of Life.

Benefit term:

Term to age 65
Whole of life

Benefit limits:

Min: R100 000
Max: R4 500 000 (for Challenge 2008 only)

Top up:

Certain benefit categories pay 25%, 50% or 75% of the sum assured, according to the severity of the condition. If you select the Top-Up option, the payment amount increases to 100% at the lower severities.

Trauma benefit:

Reinstates on Living Lifestyle Plus only.

Survival period:

14 days

Extended:

On diagnosis of certain conditions, which have a low impact on lifestyle, an amount of between 5% and 15% is paid in addition to the normal payment. Combination of Top Up and Extended options available.

Combination of Top Up and Extended options available.

Benefits:

Cancer and Leukaemia
Cardiac and Cardiovascular
Stroke
Multiple Sclerosis
Motor Neuron Disease
Parkinson’s Disease
Alzheimer’s Disease
Central Nervous System disorders
Renal Failure
Respiratory Failure
Chronic Liver Failure
Aplastic Anaemia
Inflammatory Bowel Disease
Chronic Pancreatitis

Muscular Dystrophy
Paralysis
Systemic Lupus Erythematosis
Rheumatoid Arthritis
Loss of Hearing
Loss of Sight
Traumatic Brain Injury
Coma
Loss of and loss of useof limbs
Major burns
Accidental HIV
Advanced AIDS
Catch-all benefit category based on WPI

The Living Lifestyle and Living Lifestyle Plus benefits comply with the standard critical illness benefit criteria set by the Association for Savings and Investment SA (ASISA). This ensures that the benefit criteria for these benefits are objective and consistent with the minimum industry standards adopted.

The Living Lifestyle and Living Lifestyle Plus benefits with the Top Up and Extended option pays the following percentage of the sum assured, for the conditions recommended by ASISA.

Living Lifestyle and Living Lifestyle Plus with the Top Up and Extended option benefit payouts for the standardised definitions
	Level A Most severe	Level B Moderate	Level C Mild	Level D Almost full recovery
Heart attack	100%	100%	100%	100%
Coronary artery by-pass graft	100%	100%	100%	100%
Stroke	100%	100%	100%	25%
Cancer	100%	100%	100%	100%