LIFE INSURANCE
AGE RATED PREMIUMS |
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MYPROTECTOR
MEMBERSHIP PREMIUMS |
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Premium escalations make it unaffordable over time |
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No premium escalations means more affordability over time |
Premiums become more expensive than the needs |
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Premiums are capped to ensure you never overpay |
If your estate value decreases, your premiums stay the same |
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Your premiums aren't subjected to estate values |
Limited flexibility for premium adjustments |
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Greater flexibility for premium adjustments with full protection |
Over paid premiums would limit opportunity costs |
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No premium over payments (capped) eliminates this issue |
If policy paid into estate, it will increase executor fees |
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No executor fees needed |
If policy paid into estate, it will increase estate duty |
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No policy that adds to estate duty |
Insurer will impose loadings (eg: smoker) etc |
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No loadings imposed |
High risk occupations are excluded |
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No exclusions for high risk occupations |
The elderly might not be accepted |
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High acceptance age limit of 80 yrs old |
Not accepted due to being previously declined, hazardous activities & occupations |
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No exclusions for any of these |
Not accepted due to income limitations |
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Our small membership fee will help |
Policy payout can be delayed and would effect the deceased estate processes |
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Our services are immediate and not restricted to delays |
Life cover offers flexibility to provide for all deceased estate risks |
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We offer a full services to eliminate the gaps |
Life insurers only offer financial support |
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Memberships offer additional services to be more comprehensive |
Life cover can include financial support for other needs. This could tie up the resources needed to wind-up your affairs |
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Memberships focus on estate administration services only and provide a more effective service delivery without delays |
When you downsize later in life, you limit the need for deceased estate indemnity cover. Your existing premiums are now far too expensive for the need |
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Downsizing won't effect your services with us and if the estate value dropped below the risk portion, your premium will be reduced to the essential fee only |
If you cancel or lapse your policy, it may require you to take out a new policy that includes new loadings and health assessments if you want to redo it |
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We offer premium freeze and cost cap solutions to help members with their financial payment difficulties |