Updated 28 July 2014

The importance of choosing the best life insurance for you

Does your life insurance cover disability, critical illness and death? Don’t cut corners when it comes to insuring your life . . .

You’ll know OUTsurance as a trusted South African car and home insurer. Did you know that they also offer life insurance? “We’ve long been investigating the possibility of marketing life insurance products,” executive head of OUTsurance, Ernst Gouws, says. “Did you know that they also offer life insurance? “

“We take this very seriously. It’s a big challenge for us because our clients expect the same level of excellent service from our life insurance department as they’re already used to.”

Why life insurance is important

Of the more than 400 working South Africans who die every day, most have either insufficient or no life insurance. This can leave their families in dire financial difficulty. But with OUTsurance’s clearly understandable and affordable life insurance, your loved ones will be taken care of financially, should anything happen to you. And there’s an  OUTbonus too!

Clients will get ALL of their paid premiums back in cash after 15 years, should no claim have been made during that time. It’s a benefit that has proved popular with household, car and business insurance clients – who have received more than R2 billion since the OUTbonus was launched.

OUTsurance's life insurance product provides comprehensive life cover to cover you in the event of death. This includes a terminal illness benefit – where, if you have a life expectancy of less than 12 months, we’ll pay 50% of the Sum OUTsured to a maximum of R1 million.

OUTsurance has recently expanded their life insurance product with benefits such as getting 10% of your death cover within 48 hours and being able to use this cash for the cost of the funeral as well as for any other immediate needs that may arise, which can really help those that are left behind during such a difficult time.  

Awesome life insurance benefits include:

Free Medical Tests – You won't have to pay for medical tests before taking out life cover with OUTsurance!

Medical Nurse – If, for whatever reason, you're unable to visit a medical laboratory in your area, OUTsurance will see to it that a medical nurse visits you in the comfort of your own home – free of charge!

Advanced Underwriting – OUTsurance has advanced underwriting systems in place to make sure that your life insurance premium is determined around your very unique and specific risk factors. This means that if you're a low-risk client, you could pay significantly less for life insurance! We also factor in your lifestyle to ensure those that have a healthy and active lifestyle benefit most from our product – with even further discounts.

No Broker Fees – OUTsurance is one of the very few life insurance companies in South Africa where you bypass the broker and deal directly with an expert life insurance advisor! This means no broker fees or commissions ever again!

Tailored Premiums – With different premium options available, OUTsurance can provide you with a premium that will suit your pocket and take your current financial needs into consideration. Find out more.

“Yesterday I completed an online quote request and they called me back within seconds,” one client said. “The premium is low and suits my budget perfectly. I received the most wonderful service compared with the other life insurers I’ve consulted. And most of all, I have a big OUTbonus to look forward to after 15 years of not claiming. They’re tops!”

[1] OUTsurance is an authorised financial services provider. The life OUTbonus is optional and, if selected, comprises on average 30% of your premium. Premiums are guaranteed for 5 years and increase on average by only 6% per annum. Ts and Cs apply.


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