Whole of Life Disability Benefit Cover for before and after you retire

Whole of Life term – Lump Sum Disability Benefits

Cover for before and after retirement

Before retirement

While you are still working you need protection against the risk that you will not be able to work and earn an income due to permanent disability or impairment. Should you become disabled or impaired Liberty’s Whole of Life disability benefits will provide you with a lump sum payout to help you cover your loss of earnings.

After retirement

Your retirement income may be enough to provide for a fit and healthy person, but will it be enough to cover additional expenses such as a nurse or caregiver should your health drastically deteriorate?

If you become impaired after retirement, you won’t lose your income, but you’ll need additional money to help you to cope with your impairment. The Whole of Life disability benefits transform to meet your post-retirement income needs by providing you with a monthly income that increases with inflation for the rest of your life, should you suffer impairment after retirement.

Receive a monthly income

Should you become impaired you will receive a monthly income that will be calculated as a percentage of the insured amount. This percentage will be determined by the severity of the condition, ranging from 0.5% to 1.5% of the insured amount. So, should you be insured for R1 million and qualify for a 1.5% monthly payment, you’ll receive R15 000 every month.

Once a claim is submitted after retirement you won’t be required to pay any further premiums for the benefit – further helping to reduce the financial impact of impairment in old age.

Whole of Life term is available under the following lump sum disability benefits:

Capital Disability and Capital Disability Plus
Impairment and Impairment Plus
Absolute Protector and Absolute Protector Plus

Whole of Life term – Lump Sum Disability Benefits brochure

With the Whole of Life term under Lump Sum Disability Benefits you are equipped to enjoy financial independence for the rest of your life!

Contact your Liberty Wealth Adviser or Broker or call us on 0860 327 327 to discuss your options.