Let us help protect you and your family from the financial impact of life's unexpected events such as death, disability and critical illness.
At Liberty, we offer investment solutions that can help you, as an individual, reach your investment goals.
Your family means a lot to you. What steps should you take to ensure that their current and future needs are met?
Liberty Corporate offers a wide range of risk and annuity products, tailored to an employee’s unique needs.
Liberty Corporate has a range of investment portfolios suitable as retirement funds and for businesses.
Liberty Corporate’s umbrella solutions give you the flexibility to structure employee benefits.
Liberty Corporate’s fully fledged administration team provides a comprehensive fund administration service.
Liberty Corporate provides a multitude of specialist consulting and actuarial solutions.
Losing a loved one is always difficult emotionally and can become even more difficult if those left behind experience financial strain as a result of this loss. Ensure this doesn’t happen by getting adequate protection for your loved ones.
Our Spouse’s Death Benefit pays a lump sum in cash to the member in the event of the death of the member’s spouse.
Spouse Death Pension
Spouse Death Pension
Your Spouse’s Death Benefit pays a lump sum in cash to the member in the event of the death of the member’s spouse. Losing a loved one is always difficult emotionally and can become even more difficult if those left behind experience financial strain as a result of this loss. Ensure this doesn’t happen by getting adequate protection for your loved ones.
What is a Spouse's Death Benefit?
Our Spouse's Death Benefit is also available in addition to the standard Group Life Assurance Benefit.
What does a member's Spouse Death Benefit cover?
For salary-based plans, cover may not exceed the following (whichever comes first):
The member's Group Life Assurance Benefit Cover
Twice the member's annual salary
For rand-based plans, cover may not exceed the following (whichever comes first):
Twenty times the total annual contribution made by and on behalf of the member
When will the member's Spouse Death Benefit cover end?Cover will end under the following conditions (whichever comes first):
The employer participation is cancelled.
The member leaves the participating employer.
The member reaches the Benefit Termination Age, as outlined in the Employer Participation Schedule.
The member receives a benefit from any retirement fund that his or her employer operates or participates in for the benefit of their employees, where this cover is taken on an approved basis.
The spouse receives a spouse's disability benefit in terms of these rules.
The member dies.
The member gets divorced from his or her nominated spouse.
The member's spouse turns 70 years of age.
Spouse's Death Benefit is available in addition to the standard Group Life Assurance Benefit.
The value a member is covered for is as follows:
The member's cover will end based on the following criteria (whichever comes first):
The spouse is the named person to whom the principal member is legally married and includes the following] (Glossary):
A customary union according to the Recognition of Customary Marriages Act, 1998 (Act No. 120 of 1998)
A union recognised under the tenets of any Asiatic religion
A life partner in a relationship which Liberty considers akin to a marriage
The specific spouse nominated by a member (where polygamy is practised)
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