Products / DIABETES

Life Cover

AllLife provides comprehensive life cover to individuals living with Type 1 and Type 2 diabetes mellitus.

Our clients use AllLife products to qualify for home and business loans, to provide for people who depend on them financially, and to give their families peace of mind and financial security in the event of their death.

Our life products provide cover in the event of death of the life insured, whether accidental or health-related. There is no waiting period on claims—which means that AllLife clients are covered immediately on inception of cover.

ESSENTIAL WHOLE LIFE

Essential Whole Life cover provides cover for an unlimited period, or until the policy owner decides to either cancel their policy or stop paying their premiums. We provide a range of Whole Life cover options ranging from a level premium, level cover policy where both premiums and cover remain constant for the duration of the policy, to an escalating premium, escalating cover policy that matches benefits and premiums to increasing insurance requirements and affordability over time.

Essential Whole Life cover is available as a level premium policy with level cover; a 5% annually escalating premium policy with level cover; or a 10% annually escalating premium policy with 3% annual escalation in cover. Choosing the escalating premium option means that your cover will be cheaper at inception, but with the premium increasing year-on-year.

ESSENTIAL LOAN PROTECTOR LIFE

Essential Loan Protector Life cover provides cover designed to match the outstanding balance on an amortising loan that is paid off in regular and equal monthly installments. Cover is provided for either a 10- or 20-year loan term, with constant premiums throughout the term.

Our loan protector products are designed specifically to cover the outstanding balance on a loan: the amount insured reduces at the expected rate of repayment of the loan and does not make allowance for re-advances.Top