Share Value Funeral Plans
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The R100 000 limit applies adult per life assured per policy.
True
The Value Funeral Plan does not cover parents.
False
Minimum premium payment of R70 a month.
False, 80
Premiums stop when the life assured reaches a certain age and have paid premiums for at least 15 years.
True
Premiums stop when the life assured reaches a certain age and have paid premiums for at least 15 years.
True
A client can cover for up to 23 people on the policy.
False, 22
There is an entry age limit of 75 years for parents and wider family
False, 85
Accidental cover starts from the day after the first premium is received.
False, Day after the policy is accpted
If the client can confirm that they had previous cover with Sanlam or another registered / licensed insurer, the length of time of the qualifying period will be reduced by the amount of time served at the previous insurer.
True
Children are covered for life including adopted children.
True
The Principal Life Assured can have up to R100 000 cover for themselves and their spouse.
True
You can cover up to 22 family members on the Value Family Funeral Plan.
False
On the Value Funeral Plan each policy has a separate premium per life type covered, depending on the age at entry, cover level.
True
Maximum for a child after they attain the age of six (6) years but before they attain the age of fourteen (14) years is R40 000
False, 50 000
Maximum for a child of fourteen (14) years and over is R50 000.
False, 60 000
Maximum for a child of fourteen (14) years and over is R50 000.
False, 60 000
