At OUTsurance, your premium is guaranteed for a total of five years – and who knows, depending on whether or not your circumstances have changed, it may not even be necessary to increase this after the initial five-year period.
Also, if you don’t claim during 15 consecutive years of cover, you will receive all of your paid life insurance premiums back in cash provided you chose to take the OUTbonus option! This stands in strong contrast with other life insurers where you’ll never receive any type of reward for not claiming. Read more about the OUTbonus.
Finally, did you know that at OUTsurance, we base your life insurance premium on your specific risk profile? So, if you’re a low risk, you’ll most likely pay significantly less for life insurance with us than you would somewhere else.
In addition to this, we’ll pay the costs for any medical tests you need to have done before you can take out life cover with us and we’ll even send a qualified nurse to you if you’re unable to visit a medical lab to have tests done.
Comprehensive death cover
This option provides you with comprehensive cover if you should die as a result of any event during the period of cover. You automatically qualify for the terminal illness benefit, where 50% of the Sum OUTsured is paid out to you when you are diagnosed with a terminal illness and have less than 12 months to live. The balance will be paid out in the event of death.
Accidental death cover
Accidental death cover provides you with a more affordable (but more limited) alternative to comprehensive death cover. We’ll pay out the Sum OUTsured only when you die as a result of an accident resulting from bodily injury caused by external, violent or accidental means.
You can select a combination of the death, disability and critical illness cover options that’ll work best for your unique circumstances. Give us a call on 08 600 60 000 – we’d love to assist.