This is to ensure the safety and security of everyone using Go Cover, and to limit fraudulent activity.A contract will be emailed to you within 5 minutes of a successful purchase.In the buy process, after you have selected the person or people you wish to cover, you will be required to select the frequency and period you wish to be covered for.
The following marketing and administration charge is applicable:If you prefer to select your own funds and will be investing recurring monthly payments, the following marketing and administration charge is applicable:If you select your own funds, the Investment Management Charge is the weighted average of the selected investment funds. The value of the Investment Management Charge for each of the available investment funds is shown on the fund selection table and in the fund fact sheet for that fund. You can then populate the template with as many people as you’d like, upload it on the website, and then save that bulk upload to your group within the app.For continuous, once-off cover amounts greater than 31 days, a 31-day “cool-off” period applies.
Also bear in mind any existing income protection you may have (which would reduce the amount of Sanlam Income Protection you need).Your cover amount will automatically grow each year with inflation, but you can choose to opt out of this growth (in order to reduce your premium).We’ll help you work out the amount of cover you need in just minutes.Starting from R100 p/m, your premium is determined by your age and risk profile when you take out the cover. After you pass away, the payout can help your family cover expenses like funeral costs, estate administration, debt and day-to-day living expenses. The fund value plus the Echo Bonus calculated to the date of death will be paid either as a lump sum or used to provide regular pension payments.As required by the Pension Funds Act, the death benefit must be paid to the dependants and the nominees (if appointed) of the life insured. 1998/021121/06), a Licensed Financial Services and Registered Credit Provider (NCRCP43).Access Go Cover worldwide, 24/7, on your mobile phone via the Go Cover app (Your mobile number is verified and tied to your existing Go Cover account. Changes made will take effect after the current recurring period has ended (from the next repeat). From the available options in the date selector, choose the “Custom” tab option.To select days, tap on any of the available days in the calendar (any period within 90 days). The cost of cover is calculated on a decreasing scale dependent on the number of people, number of days, and the amount of cover purchased.For example, for a once-off, 24-hour period, the current cost for one person is:For a once-off, consecutive 90-day period, the current cost for one person is:When purchasing cover for yourself, cover can be purchased and activated instantly. Or provide cover for participants in small or large sports or entertainment events.Unlike traditional insurance, Go Cover is an award-winning innovation that gives you:Purchase as much cover as you need, whenever you need it, for as long as you need it. The effect of compound interest, or earning investment return on investment return, is increased in a tax-free savings account due to the tax relief on the investment return. Investment funds can invest in multiple asset classes or a single asset class.
Satrix funds are managed by full replication, which means the fund will hold exactly the same underlying securities as the index, in exactly the same weights. Even worse, dependents can be left with outstanding debts to repay. This charge is subject to a minimum rand amount that will be increased gradually over 24 months from R0 per month on the start date of the plan to R52.50 per month. Changes made will take effect after the current recurring period has ended (from the next repeat). You have the option to add a new person, or a new group – either individually, or by bulk upload. Sanlam Trust can act as executor of your estate and trustee of your trust.
The Sanlam inflation rate may differ from published inflation rates, due to differences in calculation methods. Are you a South African citizen?
If your expected investment term at the start of the plan is shorter than 10 years, your investment is allocated to both the funds.
You may add a new bank card by selecting the “Payment Detail” link in the “Profile” menu. Go Cover gives you the latest technology, a passionate band of innovators, and the muscle and security of one of the world’s largest insurers.Go Cover insurance plans are issued by Sanlam Life Insurance Limited (Reg.
If you select your own funds, you should review the underlying funds if your expected investment term changes.The effect of compound interest, or earning investment return on investment return, is increased in a Tax Free Investment Account due to the tax relief on the investment return. Simply go click on