Fortis: Real Life Cover

Product profile

Description

• Designed to cover you for most of the things that are most likely to stop you earning a living or taking care of your family

• The plan is designed to balance a realistic amount of cover with an affordable amount to be paid each month for that cover

• It provides life insurance, income protection and limited critical  illness cover against the most common serious illnesses - heart attack, stroke and cancer (which together account for 80% of all critical illness claims) - all in one plan

• And unemployment cover can be added too

• Real Life Cover will cost less than it would if life insurance with comprehensive critical illness cover and income protection were purchased

• You will know exactly what you are and are not covered for

• It is simple and very easy to arrange, with only a few choices to make

Age

• 18 plus

How it works

• Real Life Cover is made up of two  same- size 'pots' of money, a Life Insurance pot  and the Living Fund pot.

• The Life Insurance pot will pay out the sum assured if death or terminal illness occurs during the term of the plan - a conventional term life policy.

• The Living Fund pot will pay for all Income Protection, Critical Illness, or Child and Partner Carer's Cover claims during the term of the plan up to the overall amount of the sum assured. 

• As long as there is money left in the Living Fund you can make as many Income Protection claims as you need to. You can make one claim for each of the three critical illnesses covered (heart attack, stroke and cancer) - and one claim for Child and Partner Carer's Cover. Your Life Cover isn't affected by any of these claims.

• If you become incapacitated, you get 1% of the sum assured every month.

• If you are diagnosed with cancer - excluding less advanced cases, or having had a heart attack - of specified severity, or a stroke - resulting in permanent symptoms; you get 12% of the sum assured as a lump sum.

• If you need to give up work to provide full time care for your child or partner who has become incapacitated; you get 12% of the sum assured as a lump sum.

• If you need help getting better and treatments like physiotherapy or counselling might help you get back to work, you can get up to 3% of the sum assured to pay for treatments.

• If you are unable to work because of illness or injury, you get a monthly amount of 1% of your sum assured for up to 8 years.

• If you have a heart attack, stroke or get cancer, you get an  advanced lump sum of 12% of the sum assured, as well as the monthly income if you cannot work.

• If a claim does not meet the definition for Critical Illness, the income claim will pay out instead, as long as you cannot work

Critical illnesses covered

• Heart attack

• Stroke

• Cancer

Benefits

• You choose the amount

• Life

• Terminal illness

• Income

• Critical illness

• Child and partners carer

• Recuperation

• Guaranteed premium

• Ability to work based on own or suited occupation      

• Housepersons cover

Options

• Level or increasing benefit

• Unemployment or extended carer’s cover

Want to know more?

• Real Life Cover information from Fortis Life

• Get a quote