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AUTO CREDIT LIFE

Protects family and / or policy holder against the added burden of having to repay the finance agreement in the event personal tragedy;

  • Provides immediate cover;

  • Claims payment is not subject to normal deceased estate settlement requirements;

  • Removes the burden of motor finance debt from the deceased estate, leaving the funds available in the estate in tact to provide for the next of kin, for which it was originally intended;

  • Gives client peace of mind;

  • Protect credit rating;

  • Avoids having to use existing insurance policies to pay for motor debt. (Life assurance policies are usually bought to cover other financial obligations);

  • Prevents the debt from escalating during loss of income due to temporary disability or retrenchment;

 

This cover is underwritten by Pinnafrica Life Limited.

Tel: (011) 244 1300 Fax: (011) 244 1301

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