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Life Insurance

If you’re looking for a valuable benefit for your employees, African Unity Life’s leading group risk products offer everything you need. Your staff will appreciate what this benefit means for them and their families. Disability and death are traumatic for a family and the last thing they need to deal with is the financial burden that comes with either of these. The death of a loved one, especially if they’re the breadwinner of the family, brings with it many uncertainties. With African Unity Life’s group life insurance products, employees and their loved ones can enjoy peace of mind knowing that when there is a death in the family, the financial burden is covered and the family can bury their loved one with dignity.

African Unity Life has a full life licence, allowing us to provide tailor-made group life insurance solutions for our clients. This means we’re able to offer a lump-sum payout to employees and their loved ones in the unfortunate circumstance of death or disability. Our life insurance products are there as assurance that, should the worst happen, your employee and their family will be cared for and they can relax with the peace of mind that they will not be financially crippled by the event. The real value of life insurance is that it allows families to grieve without any additional stress.  

If you search for life insurance quotes online, you will find that our rates are competitive, which makes it easier for businesses to offer their employees this benefit. And, in turn, this benefit will have a positive impact on the business, as it will create a loyal workforce and attract the best talent when you’re looking to hire new employees. It’s the simple things like being part of a group life insurance scheme that make employees feel that the business they work for truly cares.   

Group life insurance is typically offered as a piece of a larger employer benefits package. This is because buying life cover for all your employees through a provider on a “wholesale” basis costs less per employee than it would if they were to buy an individual life insurance policy. Basically, the life cover premiums are higher when individuals take out their own policy than when the business purchases group cover for their entire workforce.  

We distribute our products through various distribution channels, which include broker networks, insurance administrators and funeral parlour networks, church networks, employers (SMMEs) and underwriting managers.

If you’re considering purchasing life insurance for your workforce, feel free to contact African Unity Life and we will provide you with any additional information you may need. In the meantime, have a look at the FAQs below for answers to any questions you may have. 
 

Frequently Asked Questions About Group Life Insurance

  • What is life insurance?

    Life insurance offers peace of mind to the family of the principal policyholder in the case of his or her death. The deceased is often the breadwinner and when they pass away, it can leave the family with a huge financial burden. Our competitive life cover pays out a lump sum to the beneficiaries to cover the immediate expenses associated with a death in the family. The policy also aids in helping the family cover the necessities for a period of time.

  • Can anyone qualify for life insurance?

    Yes, anyone is able to take out a life insurance policy.

  • What is a life insurance beneficiary?

    During the application stage, you will nominate your beneficiary. This is the person who will receive the benefit when you pass away.

  • When does my life cover begin?

    Your membership starts on the first of the month after receipt of your first premium. Your life cover starts after the relevant waiting period has expired.