Understand your terminal illness benefit

Learn more about the Pure Life Cover terminal illness benefit

Posted  October 10, 2012

Wikipedia defines terminal illness as a 'medical term popularised in the 20th century to describe an active and malignant disease that cannot be cured or adequately treated and that is reasonably expected to result in the death of the patient.' Should you ever fall victim to terminal illness, there are many organisations in South Africa that will support you and your family throughout your illness and ultimately your death, for example the Hospice Palliative Care Association. But how can you as a parent and breadwinner ensure that money is not a concern for your family at such a difficult time? The answer lies in the 1Lifedirect Pure Life Cover terminal illness benefit.

Your Pure Life Cover life insurance policy from 1Lifedirect includes a terminal illness benefit. This means that if you are ever diagnosed with a terminal illness and your life expectancy is less than 12 months, which is confirmed by the 1Lifedirect Chief Medical Officer, your cover amount will be paid out while you are alive, giving your family the funds they need to cope with the loss of your income and any medical expenses not covered by your medical aid. With a terminal illness benefit in place, you know that money is one less thing for your family to worry about as they deal with your treatment and care.

Remember that a terminal illness benefit is not the same as Dread Disease Cover. A terminal illness benefit is automatically included as part of your Pure Life Cover life insurance policy. Dread disease cover, on the other hand, is optional as a product that you can take up, as your insurance policy, either alone or alongside the other products: life cover & disability cover. Dread disease cover will pay out a chosen amount, if you are ever diagnosed with a dread disease as defined in your policy, for example cancer. These funds could and be used to replace lost income during this period as well as to cover any additional medical expenses not covered by your medical aid.

Find out more about Pure Life Cover from 1Lifedirect, including the terminal illness benefit. Learn more about Dread Disease Cover from 1Lifedirect.

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