Credit Life

With Credit Life, you can have peace of mind knowing that your debt obligations are taken care of should an unforeseen event occur. With Credit Life, you can have peace of mind knowing that you and your loved ones will be taken care of financially if something happens to you. Contact us today to learn more about Credit Life and how it can help you protect your finances.

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Insure the cost of your debt should an unforeseen event.

Credit Life is a specific product designed to insure the cost of your debt should an unforeseen event such as death, disability, temporary disability or unemployment (retrenchment) occur before the debt is fully paid. This benefit forms part of a loan or a credit agreement.

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Product Benefits:

  • In case of death or total permanent disability the total balance of the debt will be settled. 
  • For temporary disability or loss of employment (retrenchment) the monthly debt instalments will be covered for up to 12 months.
  • No medical examination is required for underwriting. 
  • Special grouped based quotations can be provided.

Product is underwritten by Guardrisk Life Limited, FSP 76 and a licenced life insurer in terms of the Insurance Act.

 Credit Life

Credit Life is a specialized product that is specifically designed to protect the cost of your debt in the event of an unforeseen circumstance such as death, disability, temporary disability, or unemployment (retrenchment). These unfortunate events can happen to anyone, and they can have a significant impact on your financial stability. This is where Credit Life comes in; it acts as a safety net to ensure that your loved ones are not left with a large amount of debt to pay off in the event of your untimely death or disability. Credit Life forms part of a loan or a credit agreement and it can be purchased as an add-on product when you take out a loan. The benefit of Credit Life is that it provides peace of mind for borrowers, knowing that their debt will be taken care of in the event of an unexpected event. It is important to note that Credit Life is not a substitute for life insurance, but rather a complimentary product that can provide financial relief when it is needed the most. Overall, Credit Life is a valuable investment that can give you and your loved ones the security you need when it comes to managing debt.

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