Insurance can be a treacherous place if you do not understand the lingo. Life insurance especially.
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Thank us later.[/argenta_sc_text][vc_empty_space height=”10px”][argenta_sc_heading module_type_layout=”on_left” subtitle_type_layout=”bottom_subtitle” heading_tag=”h1″ title=”Insurance Plan/ Policy” subtitle_typo=”weight~inherit” title_typo=”font_size~17||line_height~28||weight~inherit||use_custom_font~1||custom_font~Abril Fatface:400″ title_color=”#8d4926″][argenta_sc_text text_typo=”font_size~17||line_height~28||weight~inherit”]This Plan provides a guaranteed amount called sum assured at maturity of the plan or on the death of the Life Assured on condition that a valid claim is lodged and Claim requirements have been satisfied
.The application form, the Terms and Conditions, the Plan, Schedule, and any Endorsement will constitute the Plan.[/argenta_sc_text][vc_empty_space height=”10px”][argenta_sc_heading module_type_layout=”on_left” subtitle_type_layout=”bottom_subtitle” heading_tag=”h1″ title=”Level Term policy” subtitle_typo=”weight~inherit” title_typo=”font_size~17||line_height~28||weight~inherit||use_custom_font~1||custom_font~Abril Fatface:400″ title_color=”#8d4926″][argenta_sc_text text_typo=”font_size~17||line_height~28||weight~inherit”]This is a life insurance policy that provides protection for a specific term e.g. 10 years, 20 years, etc (time you feel your beneficiaries need you the most). When the term is over, there is no payout if no death occurred. Cheapest life cover.[/argenta_sc_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”10px”][argenta_sc_heading module_type_layout=”on_left” subtitle_type_layout=”bottom_subtitle” heading_tag=”h1″ title=”Decreasing Term Policy” subtitle_typo=”weight~inherit” title_typo=”font_size~17||line_height~28||weight~inherit||use_custom_font~1||custom_font~Abril Fatface:400″ title_color=”#8d4926″][argenta_sc_text text_typo=”font_size~17||line_height~28||weight~inherit”]This is a term cover whose value will reduce over the term of the policy. This is typically used in line with a mortgage or a loan (because of reducing balance). This is to stop loved ones from being left with our debts.[/argenta_sc_text][vc_empty_space height=”10px”][argenta_sc_heading module_type_layout=”on_left” subtitle_type_layout=”bottom_subtitle” heading_tag=”h1″ title=”Whole Life Policy” subtitle_typo=”weight~inherit” title_typo=”font_size~17||line_height~28||weight~inherit||use_custom_font~1||custom_font~Abril Fatface:400″ title_color=”#8d4926″][argenta_sc_text text_typo=”font_size~17||line_height~28||weight~inherit”]This is a life insurance policy that provides protection during your entire lifetime. You cannot outlive this policy. This is usually used to leave legacy money, an inheritance to descendants.[/argenta_sc_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”10px”][argenta_sc_heading module_type_layout=”on_left” subtitle_type_layout=”bottom_subtitle” heading_tag=”h1″ title=”Insurer” subtitle_typo=”weight~inherit” title_typo=”font_size~17||line_height~28||weight~inherit||use_custom_font~1||custom_font~Abril Fatface:400″ title_color=”#8d4926″][argenta_sc_text text_typo=”font_size~17||line_height~28||weight~inherit”]The Insurer is a registered financial services provider that underwrites the benefits under this plan, in this case, life insurance.[/argenta_sc_text][vc_empty_space height=”10px”][argenta_sc_heading module_type_layout=”on_left” subtitle_type_layout=”bottom_subtitle” heading_tag=”h1″ title=”Life Assured” subtitle_typo=”weight~inherit” title_typo=”font_size~17||line_height~28||weight~inherit||use_custom_font~1||custom_font~Abril Fatface:400″ title_color=”#8d4926″][argenta_sc_text text_typo=”font_size~17||line_height~28||weight~inherit”]The Life Assured shall be the Person who is eligible for Cover under the Plan.[/argenta_sc_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”10px”][argenta_sc_heading module_type_layout=”on_left” subtitle_type_layout=”bottom_subtitle” heading_tag=”h1″ title=”Policyholder” subtitle_typo=”weight~inherit” title_typo=”font_size~17||line_height~28||weight~inherit||use_custom_font~1||custom_font~Abril Fatface:400″ title_color=”#8d4926″][argenta_sc_text text_typo=”font_size~17||line_height~28||weight~inherit”]The person who owns the insurance policy.[/argenta_sc_text][vc_empty_space height=”10px”][argenta_sc_heading module_type_layout=”on_left” subtitle_type_layout=”bottom_subtitle” heading_tag=”h1″ title=”Cover” subtitle_typo=”weight~inherit” title_typo=”font_size~17||line_height~28||weight~inherit||use_custom_font~1||custom_font~Abril Fatface:400″ title_color=”#8d4926″][argenta_sc_text text_typo=”font_size~17||line_height~28||weight~inherit”]This is the insurance that is given to the Life Assured on condition that the Premium is paid. Ends upon claim made according to policy[/argenta_sc_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”10px”][argenta_sc_heading module_type_layout=”on_left” subtitle_type_layout=”bottom_subtitle” heading_tag=”h1″ title=”Joint life” subtitle_typo=”weight~inherit” title_typo=”font_size~17||line_height~28||weight~inherit||use_custom_font~1||custom_font~Abril Fatface:400″ title_color=”#8d4926″][argenta_sc_text text_typo=”font_size~17||line_height~28||weight~inherit”]This allows both parents to be covered under the same plan.[/argenta_sc_text][vc_empty_space height=”10px”][argenta_sc_heading module_type_layout=”on_left” subtitle_type_layout=”bottom_subtitle” heading_tag=”h1″ title=”Benefit” subtitle_typo=”weight~inherit” title_typo=”font_size~17||line_height~28||weight~inherit||use_custom_font~1||custom_font~Abril Fatface:400″ title_color=”#8d4926″][argenta_sc_text text_typo=”font_size~17||line_height~28||weight~inherit”]Benefit refers to the lump sum monetary consideration, as defined, that is payable to the Policyholder or beneficiary on condition that the Eligibility Conditions have been met, valid claim lodged and all other Terms and Conditions of this Plan met.[/argenta_sc_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”10px”][argenta_sc_heading module_type_layout=”on_left” subtitle_type_layout=”bottom_subtitle” heading_tag=”h1″ title=”Sum Assured” subtitle_typo=”weight~inherit” title_typo=”font_size~17||line_height~28||weight~inherit||use_custom_font~1||custom_font~Abril Fatface:400″ title_color=”#8d4926″][argenta_sc_text text_typo=”font_size~17||line_height~28||weight~inherit”]This is the monetary amount set out in the Plan Schedule which the Policyholder or beneficiary is entitled to in the event of a claim.[/argenta_sc_text][vc_empty_space height=”10px”][argenta_sc_heading module_type_layout=”on_left” subtitle_type_layout=”bottom_subtitle” heading_tag=”h1″ title=”Endorsement” subtitle_typo=”weight~inherit” title_typo=”font_size~17||line_height~28||weight~inherit||use_custom_font~1||custom_font~Abril Fatface:400″ title_color=”#8d4926″][argenta_sc_text text_typo=”font_size~17||line_height~28||weight~inherit”]The endorsement shall mean any schedule, letter, or other document issued by the company to the Policyholder that alters the provisions, conditions, definitions, or schedule in this Plan.[/argenta_sc_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”10px”][argenta_sc_heading module_type_layout=”on_left” subtitle_type_layout=”bottom_subtitle” heading_tag=”h1″ title=”Beneficiary” subtitle_typo=”weight~inherit” title_typo=”font_size~17||line_height~28||weight~inherit||use_custom_font~1||custom_font~Abril Fatface:400″ title_color=”#8d4926″][argenta_sc_text text_typo=”font_size~17||line_height~28||weight~inherit”]This refers to someone eligible to receive distributions from a trust, will, or life insurance policy.
Your heir.[/argenta_sc_text][vc_empty_space height=”10px”][argenta_sc_heading module_type_layout=”on_left” subtitle_type_layout=”bottom_subtitle” heading_tag=”h1″ title=”Guardian” subtitle_typo=”weight~inherit” title_typo=”font_size~17||line_height~28||weight~inherit||use_custom_font~1||custom_font~Abril Fatface:400″ title_color=”#8d4926″][argenta_sc_text text_typo=”font_size~17||line_height~28||weight~inherit”]Shall be the person nominated to receive death benefits in the event that the child is a minor at the point a claim is made.[/argenta_sc_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”10px”][argenta_sc_heading module_type_layout=”on_left” subtitle_type_layout=”bottom_subtitle” heading_tag=”h1″ title=”Maturity Date” subtitle_typo=”weight~inherit” title_typo=”font_size~17||line_height~28||weight~inherit||use_custom_font~1||custom_font~Abril Fatface:400″ title_color=”#8d4926″][argenta_sc_text text_typo=”font_size~17||line_height~28||weight~inherit”]Maturity Date shall mean the date provided in the Plan Schedule when the sum assured is paid out after expiry of the insurance period. Maturity benefit will be paid to the Policyholder[/argenta_sc_text][vc_empty_space height=”10px”][argenta_sc_heading module_type_layout=”on_left” subtitle_type_layout=”bottom_subtitle” heading_tag=”h1″ title=”Surrender Value” subtitle_typo=”weight~inherit” title_typo=”font_size~17||line_height~28||weight~inherit||use_custom_font~1||custom_font~Abril Fatface:400″ title_color=”#8d4926″][argenta_sc_text text_typo=”font_size~17||line_height~28||weight~inherit”]It is the amount the policyholder will get from the life insurance company if he decides to exit the policy before maturity.[/argenta_sc_text][/vc_column][/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1626724458452{background-color: #ffffff !important;}”][vc_column css=”.vc_custom_1482682425760{padding-top: 0px !important;}” el_class=”text-center”][vc_empty_space height=”40px” el_class=”arg-spacer”][argenta_sc_heading module_type_layout=”on_middle” subtitle_type_layout=”top_subtitle” heading_tag=”h4″ divider_type=”solid” title=”Are there any words you have come across that are not on this list? Tell us and we will be happy to guide you” title_typo=”weight~inherit||use_custom_font~1||custom_font~Abril Fatface:400″ subtitle_typo=”weight~inherit” title_color=”#293731″][vc_empty_space height=”20px” el_class=”arg-spacer”][argenta_sc_heading module_type_layout=”on_middle” subtitle_type_layout=”top_subtitle” divider_type=”solid” title=”Have you received your free peace of mind checklist yet?” title_typo=”weight~inherit||use_custom_font~1||custom_font~Abril Fatface:400″ subtitle_typo=”weight~inherit” title_color=”#293731″][vc_empty_space height=”30px”][argenta_sc_button layout=”fill” shape_size=”large” shape_rounded=”1″ link=”url:https%3A%2F%2Flerisqueafrica.com%2Fdownload%2F6134%2F|title:Get%20it%20Here|target:_blank” color=”#8d4926″ text_color=”#ffffff” hover_text_color=”#8d4926″][vc_empty_space height=”30px”][/vc_column][/vc_row]
