Bond Protection Insurance

Peace of Mind 

Shackleton Life have devised an affordable Bond Protection Insurance that is designed specifically for Bond Insurance, this Mortgage Protection Insurance covers your Bond in the event of Death, covers the instalment in the event of Temporary and Permanent disability, covers a Dread Disease and protects your instalment in the event of Retrenchment.

It offers :

• Direct payment of benefits into your home loan
• Death benefit pays a lump sum directly to the home loan within 48 hours of receiving all the documentation on a valid claim
• Instalment protection benefit covers the bond instalment in the event of illness, injury, temporary and permanent disability.
• Permanent disability benefit pays a lump sum directly to the home loan in the event of a valid disability claim
• Dread disease benefit pays a lump sum directly to the home loan in the event of a valid dread disease claim allowing you to focus on getting better
• Retrenchment benefit covers the Bond installments for up to 6 months while you focus on finding new employment
• Cover up to R3 000 000
• No medicals or HIV testing required
• The policy can be ceded to any financial institution
• Two lives may be insured under one policy, thereby providing a more affordable premium
• If your Installment Protection benefit has been claimed prior to your death, a full death benefit will still be paid in the event of a valid claim
• In the event of a valid Instalment Protection benefit claim those benefits that are due in the 90-day waiting period will be paid in arrears
• While a valid Instalment Protection benefit is being claimed, all the policy premiums due during that period will not have to be paid
• May Increase or decrease your cover to suit your home loan requirements
• The policy pays out the selected sum assured not the outstanding balance – excess cover can provide additional security for financial needs
• Ease of application.We handle all the paperwork ensuring you ease of application
• Up to 3 month free death cover while the bond registration is pending
• Cover provided for the term of your home loan

This is why:

• We understand a home loan and the products that compliment it best
• We offer a comprehensive Bond Protection Insurance product
• We handle all the paperwork ensuring you ease of application
• We serve as a single point of contact providing feedback and advice when you need it most
• Our team implements the highest standards of ethics, integrity and transparency, which govern the decisions they make daily

Bond Cover ⁄ Bond Insurance / Bond Protection / Mortgage Protection Insurance

Underwritten by OMART (Old Mutual Alternative Risk Transfer Limited, a registered long term insurer)

What would happen to your Bond in the event of your Death or Disability?

If you died or were suddenly disabled, would your family, already devastated, also have to deal with a sudden, radical change in lifestyle – possibly even having to move out of your home and its wonderful memories.

We know… Its horrible to even think about… but Shackleton Life’s Bond Protection Insurance – Death and Instalment protection Benefit are tailor-made to take care of your home loan obligations when you can’t.

 If you had to ask yourself the following questions

• Do you have dependents that rely on your income?
• Would your dependents be able to afford to keep the home in the event of your death?
• Does your family rely on you to pay your monthly home loan instalment?
• Who will take care of your home loan when you can’t due to illness, retrenchment, injury or disability? 

These questions can be daunting however Shackleton Life’s Bond Protection Insurance takes care of all these worries.

You can enjoy Peace of mind knowing your family home will remain exactly that.

It is a fact that the average South African Household is dramatically underinsured and only has half the life and disability cover required to cover their needs. In fact there is a massive R10 trillion underinsurance prevalent in the country today. If you do have cover, it would be for a need such as to replace loss of income in the event of death or disability. You would not want to use this policy to pay for your home loan in the event of death or disability.

Shackleton Life’s Bond Protection value Proposition

Ensuring Bond Protection Insurance is even more accessible and giving you Choice, Convenience and Expertise as we offer an affordable alternative insurance product to protect your home. The simple and quick process can ensure that your financial needs are adequately met and that your most important asset is protected for life.

Dont Wait! “The last thing the world will have to judge you by is the condition in which you leave your family”.