Products

WHAT IS CREDIT LIFE INSURANCE

Credit Life Insurance is a special type of insurance that helps pay off your loan or debt if something happens to you – like passing away, becoming disabled, or losing your job.

This means if life takes an unexpected turn, you or your family won’t be left with the stress of unpaid debt. The insurance steps in and pays off your loan (or part of it), so you and your loved ones can focus on what matters most.

WHY IS IT IMPORTANT FOR YOU?

For many people in our communities, taking a loan is necessary – whether it’s for building a home, buying furniture, funding a funeral, or starting a small business. But what happens if you can’t finish paying off?

That is where Credit Life Insurance comes in:

• Protects your family from debt if you pass away
• Takes care of your loan if you become permanently disabled
• Covers your payments for a limited time if you lose your job (depending on your policy)
• Gives peace of mind to you and your loved ones

WHO CAN GET CREDIT LIFE INSURANCE?

This insurance is specifically made for people who take loans. It is affordable and often included automatically when you borrow from a registered financial service provider. You can also ask for it when taking a loan.

It is a simple and powerful way to protect your family’s future, even if your income is limited.

WHAT DOES IT COVER?
Coverage depends on your policy, but most Credit Life Insurance plans will cover:

• Death (your outstanding loan gets paid off)
• Permanent Disability
• Temporary Disability
• Retrenchment of loss of Income (for a few months)

HOW MUCH DOES IT COST?

Credit Life is affordable. The cost is usually a small part of your monthly loan repayment. For example, for every R1000 borrowed, your insurance premium might only be a few rands per month.
It is a small price to pay for big protection.

NEED MORE INFORMATION?

If you want to find out if your loan includes Credit Life Insurance or if you want to add it, talk to your loan consultant or contact us directly. We are here to explain everything in simple terms and make sure you get the protection you need.

Our email: info@kepler.co.za