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Credit Life Cover

Applying for credit protection couldn't be easier

We're proud to announce a first of its kind for Sanlam: Sanlam Credit Life Cover, designed to protect you and your family and give you peace of mind when taking out larger loans such as a home loan.

Sanlam Credit Life ensures that your loan is paid when you are no longer able to do so, helping your family to maintain the lifestyle you planned without being burdened financially.

How it Works

Credit Life Cover explained

Benefits

What's in it for you

Get Advice

Expert financial advice at your fingertips

How Credit Life Cover Works

Security for your loan

It acts as security for your loan, such as a home loan, and provides:

  • Death cover, for the outstanding balance of the loan
  • Permanent disability cover, for the outstanding balance of the loan
  • Temporary disability cover, for the loan instalments for a period of 12 months, or alternatively to the end of the loan term, or until recovery of the life insured
  • Retrenchment cover, for the loan instalments for a period of 12 months, or alternatively to the end of the loan term, or until new employment has been found. This benefit does not apply if the life insured is self-employed

Benefits

What’s in it for you?

  • Competitively priced
  • Can be kept after the loan amount has been paid in full and can potentially provide whole-life personal cover
  • A nominated beneficiary can receive remaining funds after the loan has been settled
  • The cover does not depreciate over a certain term
  • An easy-to understand, off-the-shelf bundle that can be taken out for this need specifically.

Sanlam Reality members on the Reality Plus and Reality Health membership options can get discounts of up to 30% on Matrix Premier risk products. Join today to discover how Sanlam Reality can work for you.

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Sanlam Life Insurance is a licensed financial service provider.
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