Life Insurance
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ONLINE INSURANCE
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CARE INSURANCE
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HEALTH INSURANCE
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Individual Life Cover
We know the stress of having your loved ones depend on you and worrying about what might happen to them when you are no longer around. We have put together a range of Life Insurance policies, specifically designed for you. Your loved ones can use the pay-out to help cover daily expenses, education fees, or outstanding medical bills. Allowing them to grieve their loss, without the added financial stresses that may come.
Group Scheme Funeral Cover
Provides financial protection to people who belong to group schemes such as churches, Stokvels, Unions, Burial Clubs, Funeral Parlours, Funeral Undetakers, SMME’s and other similar groups.
Will & Estate
Properly-prepared Will is a legal document that ensures you’re protecting your assets, surviving spouse and heirs after you pass. By explicitly outlining what you want to have happen in the future, your final wishes will not be ignored if others try to step in.
Unit Trust Investment
A unit trust refers to an investment portfolio that is managed as a Collective Investment Scheme and divided into equal parts or ‘units’. Unit trust investors therefore buy units of the portfolio, with each unit representing a proportionate share of all the assets underlying the portfolio. The unit trust price reflects the current market value of the underlying assets, divided by the number of units in issue.
Employee Benefits
Corner Life offers employers a cost effective, transparent and practical Retirement Funding as well as Disability Cover and Risk Insurance Benefits. This enables employers to positively impact on their employees’ financial wellness through packaged, flexible retirement savings and insured benefits that allow them to build and protect their interests.
Retirement Cover
Making smart choices about your savings throughout life can help you retire comfortably. A comfortable retirement starts with saving as soon as you can and ends with managing your retirement fund well once you are retired to ensure a steady income.
Disability Cover
Insurance provides you with the peace of mind that your family’s expenses, as well as your own, will be covered so that you can maintain your standard of living if you were to become injured or disabled, either temporarily or permanently.
Risk Cover
Risk Insurance Benefits including Life, Disability Income Protection, Critical Illness and Education enhance Employee Benefit packages, which area an important to have for one’s employees.
Life Cover
Leave a legacy for your loved ones and take care of your family and financial commitments when you no longer can.
Provides your family with money to pay for living expenses.
Settles big debt, like car repayments or a bond.
Pays for children’s education.
Product & Services
Individual Funeral Plans:
Funeral Cover
This product is designed for customers who need a basic and affordable funeral policy providing cover of up to R30, 000.
How Does It Work?
6 months waiting period for death due to natural cause.
Immediate cover for death due to unnatural causes upon receipt of the first premium.
What are the benefits
Extended family members may be added.
Transport of the deceased’s body.
24/7 telephonic medical assistance.
Immediate cover for accidental death after the receipt of first premium.
We provide transportation within the borders of South Africa.
Life Cover
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What is Life Cover?
Although age may play a role in how much life cover you need, the decision to take out a Life Cover has nothing to do with age. If anyone else depends on your income, you should consider taking out a Life Cover. For example, if you’re married, you and your spouse may want to take out life cover for each other. Many married couples rely on two incomes to cover their monthly expenses, and if one spouse dies, the other spouse would need to cover those expenses on one income. It is advisable to buy a Life Cover earlier because you never know when you are going to need it and, as you get older, Life Cover can be expensive.
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When Should I Get Life Cover?
If anyone depends on you financially, the earlier the better.
Although age may play a role in how much life cover you need, the decision to take out a Life Cover has nothing to do with age. If anyone else depends on your income, you should consider taking out a Life Cover. For example, if you’re married, you and your spouse may want to take out life cover for each other. Many married couples rely on two incomes to cover their monthly expenses, and if one spouse dies, the other spouse would need to cover those expenses on one income.
It is advisable to buy a Life Cover earlier because you never know when you are going to need it and, as you get older, Life Cover can be expensive. -
How Much Life Cover Do I Need?
Consider what your loved ones will need in the coming years.
To find out how much life cover you need – work out what portion of your income your family needs today because that is what they will need if you die tomorrow. Next step, is to calculate the lump sum that will generate this income up to your planned retirement age, taking inflation into account. -
When Doesn't It Pay Out?
The Life Cover Benefit won’t pay out if the person insured dies due to suicide during the first two years of the policy.
Group Schemes
Voluntary Group Life & Group Funeral
This Group Insurance Product is designed for Churches, Funeral Parlours and Burial Clubs, and has the following objectives:
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Claims
Valid claims are settled within 24 hours.
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Who Can Get It?
This product is designed for Churches, Funeral Parlors and Burial Clubs and has the following objectives:
- Anyone between the ages of 14 and 84 qualify
- Cover is available to immediate family members, including legally adopted children.
- Extended family members like parents or parents-in-law can be included at an additional premium
- Persons who are not legally married but living together as a family can enjoy family benefits as long as they provide all relevant information on the application form.
- No restriction is placed on the size of a family.
We cover a member plus 9 others -
How Much Is It?
At Corner Life we are focused on providing tailor-made premiums based on the size of your group scheme and nature of your business. Please request a quote and we’ll have our nearest regional office contact you.
Funeral Cover
Compulsory Group Life & Group Funeral
This product offers term cover and is ideal for organizations, corporate companies, unions and clubs and has the following objectives:
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Benefits
- Affordable premiums on group insurance.
- Tax relief if the premium paid by the employer is regarded as a benefit.
- Readily available cash for the immediate family / employee without having to approach the employer for a loan.
- Complete peace of mind for participating members. -
Claims
Valid claims are settled within 24 hours.
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Who Can Get It?
- [All permanent employees may participate.]
- [Cover is available to employees and their immediate family members, including all dependent children.]
- [Extended family members are covered optional.] -
How Much Is It?
At Corner Life we are focused on providing tailor-made premiums based on the size of your Group Scheme and nature of your business. Please request a quote and we’ll have our nearest regional office contact you, regarding our Group Insurance Plans.