Finance in Motion Life Insurance in conjunction with Liberty Life provides South Africans with the best insurance solutions in the market. Finance in Motion is closely affiliated to Liberty Life, a renowned and leading life insurer in South Africa. Liberty Life is a member of the Standard Bank group of companies and is a listed entity trading on the Johannesburg Stock Exchange. The Finance in Motion-Liberty Life cover is underwritten in full and this means that the company provides a reasonably priced and tailored-made product to meet your individual needs level of risk.
Although life insurance is typically a contentious issue for most people, Finance in Motion offers a great combination of expert advice and a wide range of high quality insurance options. This alleviates the pressure of dealing with such a critical issue. The company strives not only to provide coverage for loss and perils, but also to ensure that coverage is reviewed on a regular basis so that clients are adequately secured throughout their lives. If you want to begin building a better financial future for your loved ones, you can get a life cover quote from Finance in Motion’s online quoting system.
In the event of your death, this type of cover pays a death benefit in the form of a lump sum to the beneficiaries of the main life assured. There are three different options to choose from:
- Renewable Premium Pattern guarantees your premiums for a maximum period of 15 years. This means that your premium payments will remain fixed during that period with the option to either renew your life cover at an increased premium or maintain your current premium after the guaranteed 15 year period.
- The Age Rated Premium Pattern provides a guaranteed premium rate for each age up to a maximum period of ten years from the inception date of the policy.
- The Level Premium Pattern provides a guarantee that the premium will be fixed from the inception date of the policy up to a maximum period of 10 years, after which the premium will then be subject to review.
Terminal Illness Benefit
In the event that main life assured is diagnosed with a critical illness with a life expectancy of less than 12 months, the Finance in Motion-Liberty Life cover pays a Terminal Illness Benefit. This type of cover awards the main life assured with a lump sum payout of up to 100% of the life. In such a case, the life cover benefit ceases when the 100% Terminal Illness Benefit is paid out.
Dread Disease/Disability Cover
Finance in Motion does not offer Dread Disease or Disability cover with the life insurance policy because of the complications that these type of covers generally present. However the option exists for the life assured to add this type of cover.
Additional Benefits which can be included with your life cover at additional costs include funeral cover, disability cover, income protection and severe illness or dread disease cover.
Tel: 086 178 5433