Life Cover Insurance from Outsurance

The life insurance business is a competitive one, with many companies offering the same products over and over again. Luckily, some stand out above the rest, and set themselves apart by offering dynamic insurance products that meet today’s needs. One of them is Outsurance Life Cover Insurance Company, which is part of the bigger Outsurance stable, but with specific focus on long-term insurance.

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Outsurance Life Insurance Quotes

The most appealing product from Outsurance is possibly its comprehensive life insurance, which allows you some of the following benefits:

Low premiums because you deal directly with Oursurance and no middleman
Set monthly insurance premiums for up to 60 months – that’s a whole 5 years!
Life cover starts from as little as R500-thousand to a whopping R16-million
There are at least 27 different terminal and critical illness conditions that you can cover with your policy which could befall you or any of your beneficiaries

Besides the above, Outsurance has extended its famous OutBonus to its life insurance business. The OutBonus, made famous when the insurer first entered as a car insurance company, has become an industry standard. Its life insurance equivalent gives you cash back if you do not make any claims for at least 15 years. You might think 15 years is a long time to be waiting for an OutBonus, but it’s worth the wait. Think about this:

Within that 15 years, if you lead a healthy lifestyle, and possibly make lifestyle changes that reduce your monthly premiums, you get the benefit of paying lower and lower every month. The cherry on top then becomes the cash back bonus, which doesn’t affect your level of insurance cover that Outsurance offers you either.

Outsurance offers major additional benefits also, and these may include reduced premiums on your motor vehicle insurance, and extended benefits that may only be available to you as a life insurance policyholder like cheaper air tickets and other travel packages, free financial planning, an immediate death benefit that can pay out more than just a simple funeral insurance plan, and much, much more.

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Outsurance Life Insurance Cover South Africa is a long-term insurance and financial services provider registered in South Africa. You can find the company’s contact details below.

Outsurance Life Cover Contact Details

www.outsurance.co.za

4 Life Cover Products from Metropolitan Life Insurance

Metropolitan Life Insurance is one of the most dynamic life cover providers in the whole of South Africa. Although initially aimed at the lower income market, MetLife has shifted towards the overlap it had with Momentum Life Insurance, and now caters a lot more for middle income earners seeking to buy life cover for themselves and/or their extended families.

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This could be you, and here’s why you should considering comparing quotes against Metropolitan’s life insurance offerings.

Future Builder Life Cover

This is one of 4 of Metropolitan’s life insurance products that you can choose from, and is also the most affordable. Essentially, the Future Builder products is designed solely for the provision of financial support for your family when you die.

Cover of this type can range from R100,000 to a maximum of R500,000, which is ample enough for most South Africans.

Also, as a life insurance policy, this offer seems more attractive than a funeral policy from the same company, where you can be excluded from various things. You can talk to an advisor about those after you have received a quote on their website.

Key Features

  • R100-thousand to R500-thousand life cover

  • Premiums start from as little as R100 for yourself (the policyholder), and less for added beneficiaries like your children.

  • Immediate accidental death cover

  • If you die of a natural death within 2 years of your policy, you will get the full benefit of your cover

  • You can cede the policy to someone else – but do speak to your advisor about this, and if you are not satisfied with the policy, you can cancel it without any penalties within 30 days of taking it

  • Option to get Metropolitan life cover quotes online

Future Choice Critical Illness Cover

Metropolitan’s second life insurance offer is for you if you want to buy cover for critical illnesses. These are illness like stroke, cancers, and other debilitating diseases that can affect your health dramatically. The benefit of this is that your cover can extend to as much as R1.5-million!

To get a fair estimate of how much your monthly premiums for this product will be, you will have to get quotes. However, there are no immediate medical exams and you can get cover immediately.

Key Features

  • The Future Choice Critical illness plan offers very flexible monthly premiums, in other words, if you find yourself unable to meet your obligation at the end of the month, there are flexi options that can allow you to counter the effects of non-payment, which with other life insurance companies would equate to a cancellation of the policy.

  • You can apply for a relief on your January payment as well

  • There is a premium waiver on your death, where Metropolitan will pay the premiums of your beneficiaries if you where paying their premiums before your death

  • There is a premium waiver if you get disabled, where Metropolitan pays your premiums for the rest of the term of your policy

  • There is also a premium waiver if you are retrenched, where Metropolitan will pay your premiums for at most 1 year following your job loss

Future Choice Life Cover

Option 3 is a life policy that combines both Builder Life Cover and Choice Critical Illness Cover. This is a more premium option, however, it comes with benefits that you may only realize later in your term that you are actually better with them than without them. These include the following:

Key Features

  • Flexible monthly premiums

  • Cover continues up to 75 years old

  • Option between whole and term insurance

  • Cession of the policy

  • You can take up a loan with any bank against the cover of your policy

  • Cash back bonus

Future Choice Occupational Disability Cover

Occupational disabilities are those that occur because of your type of work, such that their occurrence renders you unable to do that particular job, and/or disabilities that can come your way in any form and manner such that you are then unable to be employed. Depending on the severity of these, your policy can cover you for a maximum of R4-million.

Key Features

  • Pays out for ongoing healthcare costs if you are disabled

  • Lump sum of between R150,000 to R4,000,000

  • Includes all other benefits in the other three life insurance products offered by Metropolitan.

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Metropolitan Life Cover Contact Details

Since the merger with Momentum, Metropolitan’s head office has been located in Johannesburg, but the company continues to have a main office in Cape Town.

Information about Metropolitan’s life insurance products and services can be gathered on www.metropolitan.co.za, or by calling 0860742742 during office hours.

Our aim at Insurance ‘n More is to help you compare quotes between the different life insurers, you can do this by filling in the form above.