Death Benefit

In the event of death, BondAbility will pay your insured amount into your home loan account. If the cover amount is greater than the outstanding home loan balance, the payment will provide for additional funds that will be paid to your estate from your home loan account.

Instalment Protector Benefit

If you are prevented as a result of illness or bodily injury from earning an income for a period of ninety days or more, then BondAbility will pay the monthly home loan instalments while you remain unable to work – backdated to the 1st day. You have the option to select either a full benefit period that will offer comprehensive cover, or a reduced benefit period of 24 months, which will provide a more affordable premium but reduced levels of cover.

• Application is simple, no complicated forms to fill in – can be arranged telephonically
• No medical, or HIV testing – which means instant cover
• Flexibility allows the level of cover to be adjusted to accommodate budgetary and / or home loan increases.
• Excess cover can provide additional security for financial needs.
• Home loan insurance ensures that financial resources are not compromised by unsettled home loan obligations.
• In the case of a valid Instalment Protector Benefit claim all premiums will be waived while the homeowner is unable to perform his/her own occupation.
• Full death benefit will be paid even if Instalment Protector benefit has been claimed.
• In the case of a valid Instalment Protector Benefit claim those benefits that were due in the 90 day working period will be paid in arrears.

Do it now!

Don’t wait for something to happen to you! A few minutes today is all it takes to ensure your family will be taken care of, when you can’t take care of them.

It’s Easy!

No medicals and no HIV tests are required. Application can be done telephonically with one of our skilled agents who will guide you through the application process.

Up to 3 months FREE death cover!

If your bond has not yet registered, you will receive up to three months free death cover, to provide your family with peace of mind that the bond will be settled even before registration in the event of your untimely death.