LIFE, DISABILITY & DREADED
DISEASE INSURANCE

Death, becoming disabled or contracting a severe illness (also referred to as risk cover) is definitely not something that we want to think about. The reality is that any of these events can happen at any time. Risk cover gives you the peace of mind that your loved ones will be provided for if you are no longer there or not in a position to. Here are some important definitions that you will need to know:

LIFE
COVER

This is cover, that you pay a monthly premium for, that will pay out to a beneficiary (or your estate) in the event of death.

LIFE ASSURANCE
VS LIFE INSURANCE:

Life assurance is traditionally a policy that is put in place to cover you during the span of your life (whole of life – associated with estate planning and beneficiary care), Life insurance is focused on covering you for a specific period of time (traditionally associated with bond insurance).

DISABILITY
COVER:

This cover pays out either a lump sum or a monthly income in the event of a person becoming disabled. Disability can take many forms and providers have various definitions so ensure you understand what they mean by disability.

SEVERE
ILLNESS:

In the event of being diagnosed with a severe illness (i.e. cancer, and other listed illnesses) or undergoing a trauma related injury, this cover will pay out either a lump sum or monthly income.



SDC Wealth Management(Pty)Ltd is an authorised Financial Services Provider that was established in early 2018 as part of The Skills Development Corporation’s vision of not only providing world class training, but also offering these bright young students the opportunity to use the knowledge they attained to carve out a future for themselves. They need not be part of the shocking unemployment statistics.

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