ACCELERATED BENEFIT: Any claim under an accelerated benefit reduces the total of your Life Cover and Renewable Life Cover under the policy by the amount of the claim. Accelerated benefits cost less than their equivalent non-accelerated benefits, which do not reduce the Life Cover and Renewable Life Cover on claim.

ABSOLUTE PROTECTOR (PLUS): Pays you a lump sum if you are permanently impaired or if you are unable to perform your occupational duties. The amount of the benefit depends on whether you are disabled, and on the severity of your impairment. The benefit may be chosen to reduce your Life Cover or Renewable Life Cover in the event of a claim (known as Absolute Protector). It may also be chosen not to reduce your Life Cover, Renewable Life Cover or any other benefits in the event of a claim (known as Absolute Protector Plus).

ABSOLUTE IMPAIRMENT (PLUS): Pays you the full lump sum of the benefit if you are permanently impaired and the criteria required to establish impairment are met. The benefit may be chosen to reduce your Life Cover or Renewable Life Cover in the event of a claim (known as Absolute Impairment). It may also be chosen not to reduce your Life Cover, Renewable Life Cover or any other benefits in the event of a claim (known as Absolute Impairment Plus).

ABSOLUTE INCOME PROTECTOR (WITH FREE CHILD ILLNESS PROTECTOR): Provides a monthly claim payment, after the expiry of the waiting period, if • You are temporarily or permanently unable, due to illness or injury, to perform the duties of your own occupation; • You are permanently impaired Up to 100% of your income can be covered by the benefit and the maximum possible number of benefit payments for a disability or permanent impairment will be between 12 and 24, depending on the waiting period selected. In addition, the Child Illness Protector benefit will be included free of charge and provides monthly claim payments for up to 12 months, if your child is diagnosed with a terminal illness which results in the child’s life expectancy being 12 months or less.

ANNUITY: Contractual financial product that makes a stream of payments to the policyholder as per the terms of the policy. The policyholder can be a natural person or an institution, e.g. a corporate entity, parastatal, retirement fund, etc. The policy terms cover a wide range of product features, e.g. for how long the payments will be made, how regular the payments will be, to whom the payments will be made, how the payments will increase, etc.