Altrisk’s quick guide to life
Dare to get to know us
www.altrisk.co.za
Altrisk39862 FA.indd 1-2
2010/04/28 4:24 PM
Value-added benefits
Specialised risk solutions
Guaranteed Insurability Benefit:
Deferred Life Cover:
As unforeseen events can happen, it’s natural that people would want more security. This benefit therefore allows the policyholder to increase their life, critical illness, disability and impairment cover, with minimal evidence of health status. Future increases in cover can be taken as either an increase to the base policy or as a new stand-alone policy – it’s your client’s choice.
Because we believe that everyone should be able to apply for cover, our Deferred Life Cover benefit is available to those who would normally be declined for medical reasons.
Flexible Cover: This benefit is available on either a personal or a business basis. Personal: This gives the policy owner the option to increase the life, disability, impairment and critical illness cover on their policy at any time in the future, with limited further underwriting. Existing cover can also be ‘banked’ in the facility, to be utilised at a later stage. Changes in cover can only be exercised on lump sum benefits. Business: This also gives the policy owner the option to increase the life, disability, impairment and critical illness cover on his/her policy at any time in the future, with limited further underwriting. This is provided simply to meet the changing financial needs of the business.
Female Protector: This benefit provides for the specific needs of a woman and her children in the case of unforeseen events. These could include cancer, pregnancy complications or a child’s impairment.
Altrisk39862 FA.indd 3-4
A standard three-year waiting period applies to all policies, and during this period only accidental death is covered. But, after the waiting period is complete, all causes of death are covered.
Altrisk is not your ordinary life insurance provider. InApplications: fact, far from it. HIV Positive
We dare to be different
This specialist Altrisk application offers life cover and selected accelerator benefits to people who are living with HIV. The only difference being an inclusion of Disease Management Compliance Endorsement in the policy document.
by offering life, critical illness and disability cover through our commitment to simplicity, accessibility and unique underwriting solutions. For a full description of any of the product benefits, please do not hesitate to contact us on 011 329 7000 It’s or how make it easier for you to do business visitwe www.altrisk.co.za
with us.
What’s more, we are solutions driven, which means we don’t like to overlook those with a so-called high-risk profile. After all, a certain amount of risk makes life worth living. And life is our speciality.
2010/04/28 4:24 PM
Value-added benefits
Specialised risk solutions
Guaranteed Insurability Benefit:
Deferred Life Cover:
As unforeseen events can happen, it’s natural that people would want more security. This benefit therefore allows the policyholder to increase their life, critical illness, disability and impairment cover, with minimal evidence of health status. Future increases in cover can be taken as either an increase to the base policy or as a new stand-alone policy – it’s your client’s choice.
Because we believe that everyone should be able to apply for cover, our Deferred Life Cover benefit is available to those who would normally be declined for medical reasons.
Flexible Cover: This benefit is available on either a personal or a business basis. Personal: This gives the policy owner the option to increase the life, disability, impairment and critical illness cover on their policy at any time in the future, with limited further underwriting. Existing cover can also be ‘banked’ in the facility, to be utilised at a later stage. Changes in cover can only be exercised on lump sum benefits. Business: This also gives the policy owner the option to increase the life, disability, impairment and critical illness cover on his/her policy at any time in the future, with limited further underwriting. This is provided simply to meet the changing financial needs of the business.
Female Protector: This benefit provides for the specific needs of a woman and her children in the case of unforeseen events. These could include cancer, pregnancy complications or a child’s impairment.
Altrisk39862 FA.indd 3-4
A standard three-year waiting period applies to all policies, and during this period only accidental death is covered. But, after the waiting period is complete, all causes of death are covered.
Altrisk is not your ordinary life insurance provider. InApplications: fact, far from it. HIV Positive
We dare to be different
This specialist Altrisk application offers life cover and selected accelerator benefits to people who are living with HIV. The only difference being an inclusion of Disease Management Compliance Endorsement in the policy document.
by offering life, critical illness and disability cover through our commitment to simplicity, accessibility and unique underwriting solutions. For a full description of any of the product benefits, please do not hesitate to contact us on 011 329 7000 It’s or how make it easier for you to do business visitwe www.altrisk.co.za
with us.
What’s more, we are solutions driven, which means we don’t like to overlook those with a so-called high-risk profile. After all, a certain amount of risk makes life worth living. And life is our speciality.
2010/04/28 4:24 PM
Value-added benefits
Specialised risk solutions
Guaranteed Insurability Benefit:
Deferred Life Cover:
As unforeseen events can happen, it’s natural that people would want more security. This benefit therefore allows the policyholder to increase their life, critical illness, disability and impairment cover, with minimal evidence of health status. Future increases in cover can be taken as either an increase to the base policy or as a new stand-alone policy – it’s your client’s choice.
Because we believe that everyone should be able to apply for cover, our Deferred Life Cover benefit is available to those who would normally be declined for medical reasons.
Flexible Cover: This benefit is available on either a personal or a business basis. Personal: This gives the policy owner the option to increase the life, disability, impairment and critical illness cover on their policy at any time in the future, with limited further underwriting. Existing cover can also be ‘banked’ in the facility, to be utilised at a later stage. Changes in cover can only be exercised on lump sum benefits.
A standard three-year waiting period applies to all policies, and during this period only accidental
Altrisk is not your ordinary life insurance provider. In fact, far from it.
We dare to be different
by offering life, critical illness and disability cover through our commitment to simplicity, accessibility and unique underwriting solutions.
Business: This also gives the policy owner the option to increase the life, disability, impairment and critical illness cover on his/her policy at any time in the future, with limited further underwriting. This is provided simply to meet the changing financial needs of the business.
Female Protector: This benefit provides for the specific needs of a woman and her children in the case of unforeseen events. These could include cancer, pregnancy complications or a child’s impairment.
It’s how we make it easier for you to do business with us. What’s more, we are solutions driven, which means we don’t like to overlook those with a so-called high-risk profile. After all, a certain amount of risk makes life worth living. And life is our speciality.
death is covered. But, after the waiting period is complete, all causes of death are covered.
Altrisk39862 FA.indd 5-6
2010/04/28 4:24 PM
Value-added benefits
Specialised risk solutions
Guaranteed Insurability Benefit:
Deferred Life Cover:
As unforeseen events can happen, it’s natural that people would want more security. This benefit therefore allows the policyholder to increase their life, critical illness, disability and impairment cover, with minimal evidence of health status. Future increases in cover can be taken as either an increase to the base policy or as a new stand-alone policy – it’s your client’s choice.
Because we believe that everyone should be able to apply for cover, our Deferred Life Cover benefit is available to those who would normally be declined for medical reasons.
Flexible Cover: This benefit is available on either a personal or a business basis. Personal: This gives the policy owner the option to increase the life, disability, impairment and critical illness cover on their policy at any time in the future, with limited further underwriting. Existing cover can also be ‘banked’ in the facility, to be utilised at a later stage. Changes in cover can only be exercised on lump sum benefits.
A standard three-year waiting period applies to all policies, and during this period only accidental
Altrisk is not your ordinary life insurance provider. In fact, far from it.
We dare to be different
by offering life, critical illness and disability cover through our commitment to simplicity, accessibility and unique underwriting solutions.
Business: This also gives the policy owner the option to increase the life, disability, impairment and critical illness cover on his/her policy at any time in the future, with limited further underwriting. This is provided simply to meet the changing financial needs of the business.
Female Protector: This benefit provides for the specific needs of a woman and her children in the case of unforeseen events. These could include cancer, pregnancy complications or a child’s impairment.
It’s how we make it easier for you to do business with us. What’s more, we are solutions driven, which means we don’t like to overlook those with a so-called high-risk profile. After all, a certain amount of risk makes life worth living. And life is our speciality.
death is covered. But, after the waiting period is complete, all causes of death are covered.
Altrisk39862 FA.indd 5-6
2010/04/28 4:24 PM
Why us? There are many reasons to do business with us. But just to give you a taste, here are a few: • We’re owner-managed with a core focus on the risk market. We do what we do well! • Our quotes system makes life easier. Thanks to simple navigation, resulting quotations are easy to read and understand. • We have the simplest application form in the business. Only eight pages long, including the RPAR. • We have the fewest general exclusions in the market. Just one on our disability and impairment benefits: self-inflicted injuries. • We provide a flexible cover facility, which allows a reduction in premiums until it’s convenient to increase them again. • Our income replacement benefits are flexible, cost-effective and cater for older people. Almost all components of our income replacement can be taken as freestanding benefits to suit individual needs and budgets. And, we have the highest entry age for income replacement, age 65. • Our death income benefit is practical, providing a monthly income to the beneficiary for either 12 or 24 months after the life insured’s death. The 24-month benefit can be extended to what would have been the life insured’s expiry age (60, 65 or 70). • We have the best, solutions-orientated underwriting team in the business, with almost 150 years’ collective direct insurance and reinsurance experience!
Our head start Income Replacement Plan: Since our humble have achieved a number of insured firsts in after our field. It’s allof part our quest to be This isbeginnings, designed towe pay a monthly benefit to the the expiry theofselected waiting recognised asperiod, the best risk provider in our chosen market, in a very competitive industry and to offer you should he/she become temporarily disabled and unable to perform their occupation. the best possible solutions for your clients, of course. Not forgetting those who are self-employed, we also offer the Business Overhead Protector benefit.
First to regularly cover people with severe medical impairments – those who traditionallyDisability couldn’t get cover in the marketplace. Premium Waiver: To prevent a client’s policy from lapsing should they become disabled and unable to perform First to offer new-generation life cover to people their occupation, this benefit pays the monthly premium due, after the expiry of the one-month living with HIV. waiting period. Just one less thing for a client to worry about in these circumstances.
First to regularly cover people working in high-risk countries. Critical Illness Cover:
First to introduce suicide exclusion previous This provides thea insured with cover for a that range recognises of specified diseases, which are an unfortunate periods of life cover. fact of life. There are three variations from which to choose, split into the Basic, Core and Comprehensive First to adopt standardised critical illness definitions. benefits.
First to doBasic away with irrelevant general The Critical Illness benefit covers cancer,exclusions. heart attack, stroke and Coronary Artery By-pass Graft (CABG) only. Our definitions of these conditions are in line with SCIDEP (Standardised Critical Illness Definitions Project) as implemented by ASISA. Interestingly, these conditions make up between 75% and 90% of all critical illness claims. But for those who would like more peace of mind, the Core Critical Illness and Comprehensive Critical Illness benefits cover a total 26 and 45 conditions respectively.
Value-added benefits Altrisk39862 FA.indd 7-8
2010/04/28 4:24 PM
Why us? There are many reasons to do business with us. But just to give you a taste, here are a few: • We’re owner-managed with a core focus on the risk market. We do what we do well! • Our quotes system makes life easier. Thanks to simple navigation, resulting quotations are easy to read and understand. • We have the simplest application form in the business. Only eight pages long, including the RPAR. • We have the fewest general exclusions in the market. Just one on our disability and impairment benefits: self-inflicted injuries. • We provide a flexible cover facility, which allows a reduction in premiums until it’s convenient to increase them again. • Our income replacement benefits are flexible, cost-effective and cater for older people. Almost all components of our income replacement can be taken as freestanding benefits to suit individual needs and budgets. And, we have the highest entry age for income replacement, age 65. • Our death income benefit is practical, providing a monthly income to the beneficiary for either 12 or 24 months after the life insured’s death. The 24-month benefit can be extended to what would have been the life insured’s expiry age (60, 65 or 70). • We have the best, solutions-orientated underwriting team in the business, with almost 150 years’ collective direct insurance and reinsurance experience!
Our head start Income Replacement Plan: Since our humble have achieved a number of insured firsts in after our field. It’s allof part our quest to be This isbeginnings, designed towe pay a monthly benefit to the the expiry theofselected waiting recognised asperiod, the best risk provider in our chosen market, in a very competitive industry and to offer you should he/she become temporarily disabled and unable to perform their occupation. the best possible solutions for your clients, of course. Not forgetting those who are self-employed, we also offer the Business Overhead Protector benefit.
First to regularly cover people with severe medical impairments – those who traditionallyDisability couldn’t get cover in the marketplace. Premium Waiver: To prevent a client’s policy from lapsing should they become disabled and unable to perform First to offer new-generation life cover to people their occupation, this benefit pays the monthly premium due, after the expiry of the one-month living with HIV. waiting period. Just one less thing for a client to worry about in these circumstances.
First to regularly cover people working in high-risk countries. Critical Illness Cover:
First to introduce suicide exclusion previous This provides thea insured with cover for a that range recognises of specified diseases, which are an unfortunate periods of life cover. fact of life. There are three variations from which to choose, split into the Basic, Core and Comprehensive First to adopt standardised critical illness definitions. benefits.
First to doBasic away with irrelevant general The Critical Illness benefit covers cancer,exclusions. heart attack, stroke and Coronary Artery By-pass Graft (CABG) only. Our definitions of these conditions are in line with SCIDEP (Standardised Critical Illness Definitions Project) as implemented by ASISA. Interestingly, these conditions make up between 75% and 90% of all critical illness claims. But for those who would like more peace of mind, the Core Critical Illness and Comprehensive Critical Illness benefits cover a total 26 and 45 conditions respectively.
Value-added benefits Altrisk39862 FA.indd 7-8
2010/04/28 4:24 PM
More about us and what we do
General products
Altrisk started out over a decade ago, specialising in life, disability and critical illness cover for impaired lives. We founded our business on a philosophy of simplicity and a moral code based on ‘doing the right thing’.
Life Cover:
Soon, Altrisk entered the standard life market. With our unique underwriting skills, we were able to provide individual assessments, supporting our purpose of being in the business of paying claims. And we haven’t looked back. Today, our offerings not only include conventional life, disability and critical illness benefits, but also cover for clients who traditionally would have been declined, like those living with HIV or other serious medical impairments. All our benefits remain uncomplicated and competitively priced.
To put it simply, our standard life cover benefit pays out a lump sum on the death of the life insured. What’s more, we include a useful funeral benefit on each and every life policy.
Death Income Benefit: This is a unique and practical benefit in that it provides a monthly income to the beneficiary on the life insured’s death. It could be a suitable benefit for those who don’t want to worry about the risks associated with investment returns or inflation. Benefits of a specified amount are paid for 12 or 24 months. The 24-month benefit can be extended to what would have been the life insured’s 60th, 65th or 70th birthday.
Accidental Death Cover: Quite simply, this benefit provides cover on the death of the life insured as the result of an accident.
Impairment: These benefits cover the insured for specific physical and/or functional impairment events of a permanent nature, regardless of whether or not the insured can perform their occupation. We offer two variations from which to choose. Core impairment benefit: This covers defined physical impairment events, as well as the inability to perform activities of daily work or daily living. This benefit is available for the life of the insured with a maximum entry age of 65. Comprehensive impairment benefit: In addition to physical impairment, the comprehensive benefit also covers defined functional impairment events up to the age of 65 or for life. While the core impairment portion is available for the life of the insured, the functional impairment portion will taper from age 65 to 70 at 20% per annum, if the for life option is selected. This provides that extra peace of mind for older clients.
Altrisk39862 FA.indd 9-10
Core impairment
Functional impairment Core impairment
2010/04/28 4:24 PM
More about us and what we do
General products
Altrisk started out over a decade ago, specialising in life, disability and critical illness cover for impaired lives. We founded our business on a philosophy of simplicity and a moral code based on ‘doing the right thing’.
Life Cover:
Soon, Altrisk entered the standard life market. With our unique underwriting skills, we were able to provide individual assessments, supporting our purpose of being in the business of paying claims. And we haven’t looked back. Today, our offerings not only include conventional life, disability and critical illness benefits, but also cover for clients who traditionally would have been declined, like those living with HIV or other serious medical impairments. All our benefits remain uncomplicated and competitively priced.
To put it simply, our standard life cover benefit pays out a lump sum on the death of the life insured. What’s more, we include a useful funeral benefit on each and every life policy.
Death Income Benefit: This is a unique and practical benefit in that it provides a monthly income to the beneficiary on the life insured’s death. It could be a suitable benefit for those who don’t want to worry about the risks associated with investment returns or inflation. Benefits of a specified amount are paid for 12 or 24 months. The 24-month benefit can be extended to what would have been the life insured’s 60th, 65th or 70th birthday.
Accidental Death Cover: Quite simply, this benefit provides cover on the death of the life insured as the result of an accident.
Impairment: These benefits cover the insured for specific physical and/or functional impairment events of a permanent nature, regardless of whether or not the insured can perform their occupation. We offer two variations from which to choose. Core impairment benefit: This covers defined physical impairment events, as well as the inability to perform activities of daily work or daily living. This benefit is available for the life of the insured with a maximum entry age of 65. Comprehensive impairment benefit: In addition to physical impairment, the comprehensive benefit also covers defined functional impairment events up to the age of 65 or for life. While the core impairment portion is available for the life of the insured, the functional impairment portion will taper from age 65 to 70 at 20% per annum, if the for life option is selected. This provides that extra peace of mind for older clients.
Altrisk39862 FA.indd 9-10
Core impairment
Functional impairment Core impairment
2010/04/28 4:24 PM
General Why us? products There many reasons to do business with us. Disabilityare Cover: These just benefitsto paygive the insured lumphere sum in the event of disability or impairment. But youa specified a taste, are a few:
Again, to cater for our clients’ unique circumstances, we have several variations from which to choose. • We’re owner-managed with a core focus on the risk market. We do what we do well! The following three options contain a core impairment portion. These benefits are available for • Ourage quotes makes easier. Thanks to navigation, resulting quotations are life or to the of 65.system If the for life life option is selected, thesimple occupational disability, functional easy read andincome understand. impairment andtodisability benefit portions respectively, will taper from the age of 65 to 70 at 20% per • We annum. have the simplest application form in the business. Only eight pages long, including the RPAR. Disability:
CLIENT: Altrisk JOB: Sales Brochure ThisWe benefit the insured the event in of the permanent • have covers the fewest generalinexclusions market. Just one on our disability and Occupational disability JOB NO.: 39862 andimpairment total occupational For added benefits:disablement. self-inflicted injuries. certainty it is underpinned by a core impairment Core impairment DATE: 3/25/10 • We provide a flexible cover facility, which allows11:16 a reduction in premiums until it’s benefit. convenient to increase them again. AM Comprehensive Disability:
• Our income replacement benefits are flexible, cost-effective and cater for older people. Occupational disability Functional impairment In additionAlmost to the all disability benefit, comprehensive components of our income replacement can be taken as freestanding benefits disability also covers the insured to suit individual needsfor anddefined budgets. And, we have the highest entry age for income Core impairment functional replacement, impairment events. age 65. Disability Plus: • Our death income benefit is practical, providing a monthly income to the beneficiary for Disability Plus incorporates all theafter elements from core impairment either 12 or 24 months the life insured’s death. The 24-month benefit can be extended Income benefit through toto comprehensive disability as well a what would have been the life as insured’s expiry age (60, 65 or 70). 24-month income benefit. The impairment income Occupational disability Functional impairment • We have the best, solutions-orientated underwriting team in the business, with almost 150 portion is available for the life of the insured. years’ collective direct insurance and reinsurance experience! Core impairment
Altrisk39862 FA.indd 11-12
Our head start Since our humble beginnings, we have achieved a number of firsts in our field. It’s all part of our quest to be recognised as the best risk provider in our chosen market, in a very competitive industry - and to offer you the best possible solutions for your clients, of course.
First to regularly cover people with severe medical impairments – those who traditionally couldn’t get cover in the marketplace. First to offer new-generation life cover to people living with HIV. First to regularly cover people working in high-risk countries. First to introduce a suicide exclusion that recognises previous periods of life cover. First to adopt standardised critical illness definitions. First to do away with irrelevant general exclusions.
2010/04/28 4:24 PM
General Why us? products There many reasons to do business with us. Disabilityare Cover: These just benefitsto paygive the insured lumphere sum in the event of disability or impairment. But youa specified a taste, are a few:
Again, to cater for our clients’ unique circumstances, we have several variations from which to choose. • We’re owner-managed with a core focus on the risk market. We do what we do well! The following three options contain a core impairment portion. These benefits are available for • Ourage quotes makes easier. Thanks to navigation, resulting quotations are life or to the of 65.system If the for life life option is selected, thesimple occupational disability, functional easy read andincome understand. impairment andtodisability benefit portions respectively, will taper from the age of 65 to 70 at 20% per • We annum. have the simplest application form in the business. Only eight pages long, including the RPAR. Disability:
CLIENT: Altrisk JOB: Sales Brochure ThisWe benefit the insured the event in of the permanent • have covers the fewest generalinexclusions market. Just one on our disability and Occupational disability JOB NO.: 39862 andimpairment total occupational For added benefits:disablement. self-inflicted injuries. certainty it is underpinned by a core impairment Core impairment DATE: 3/25/10 • We provide a flexible cover facility, which allows11:16 a reduction in premiums until it’s benefit. convenient to increase them again. AM Comprehensive Disability:
• Our income replacement benefits are flexible, cost-effective and cater for older people. Occupational disability Functional impairment In additionAlmost to the all disability benefit, comprehensive components of our income replacement can be taken as freestanding benefits disability also covers the insured to suit individual needsfor anddefined budgets. And, we have the highest entry age for income Core impairment functional replacement, impairment events. age 65. Disability Plus: • Our death income benefit is practical, providing a monthly income to the beneficiary for Disability Plus incorporates all theafter elements from core impairment either 12 or 24 months the life insured’s death. The 24-month benefit can be extended Income benefit through toto comprehensive disability as well a what would have been the life as insured’s expiry age (60, 65 or 70). 24-month income benefit. The impairment income Occupational disability Functional impairment • We have the best, solutions-orientated underwriting team in the business, with almost 150 portion is available for the life of the insured. years’ collective direct insurance and reinsurance experience! Core impairment
Altrisk39862 FA.indd 11-12
Our head start Since our humble beginnings, we have achieved a number of firsts in our field. It’s all part of our quest to be recognised as the best risk provider in our chosen market, in a very competitive industry - and to offer you the best possible solutions for your clients, of course.
First to regularly cover people with severe medical impairments – those who traditionally couldn’t get cover in the marketplace. First to offer new-generation life cover to people living with HIV. First to regularly cover people working in high-risk countries. First to introduce a suicide exclusion that recognises previous periods of life cover. First to adopt standardised critical illness definitions. First to do away with irrelevant general exclusions.
2010/04/28 4:24 PM
Altrisk’s quick guide to life
Dare to get to know us
www.altrisk.co.za
Altrisk39862 FA.indd 1-2
2010/04/28 4:24 PM