3. Risks associated with humans
⢠Death
⢠Disablement
⢠Illness
⢠Living longer than planned for
4. The bad news
⢠You have a 1 in 3 chance to get Cancer in your lifetime
⢠Most common triggers* :
ď§ Raised BMI
ď§ Air pollution
ď§ Bad diet
⢠The most common* cancers are:
ď§ Cervical and Prostate followed by Breasts and Lungs
⢠The main causes* are:
ď§ Environmental
ď§ Physical
ď§ Chemical
*WHO
5. The bad news
⢠You have a 1 in 3 chance to get a Heart attack in your
lifetime
⢠Most common triggers* :
ď§ Raised BMI
ď§ Genetic
ď§ Cholesterol
*WHO
6. The bad news
⢠You have a 1 in 50 chance to be involved in a car
accident
⢠Most common causes* :
ď§ Speed
ď§ Alcohol
*WHO
7. Claim statistics
⢠62% of Critical Illness claims are between the ages of
31-50
⢠50% as result of cancer
⢠25% as result of heart attacks
⢠42% of Unnatural Deaths are caused by car accidents
8. So what are we to do?
⢠Get a Medical Aid
⢠Get Short Term Insurance
9. A closer look at medical aids
⢠Average increase per year in excess of 12%
⢠Benefits reduce annually
⢠Will I still be able to afford it post retirement?
11. Critical Illness Benefits
⢠Least sold benefits in the market
⢠Swiss Re survey only 10% of clients have it
12. Critical Illness Benefits
⢠Pays upon diagnosis of defined critical illnesses
⢠Whole Life protection
⢠Lump sum benefit amount
13. Spoilt for choice
⢠Comprehensive Critical Illness Benefit
⢠Comprehensive Critical Illness Plus Benefit
⢠Elevated Comprehensive Critical Illness Benefit
⢠Elevated Comprehensive Critical Illness Plus Benefit
14. Longevity Protection, a world first!
⢠Pays additional 10% every 5 years AFTER diagnosis
⢠Moderate to severe conditions
⢠Permanent impact on lifestyle
15. Stand alone benefit
⢠Reinstates after a claim
⢠Does not reduce your life cover
⢠Protect you against future insurability
16. Free child cover
⢠Pays 10% to max of R125k
⢠Does not accelerate parents cover
⢠Exclude pre existing conditions
⢠Only children from 12 months are covered
17. Extra Benefits you can attach
⢠Premium waivers
⢠Premium payback option
⢠Longevity Protection-Critical Illness
18. What happens if I never claim?
⢠Longevity Enhancer payout at 80
⢠20% of Critical Illness benefit amount
22. Functional Protector
⢠Does a FNA provide for frail care costs?
⢠Do I only need this after retirement?
23. Functional Protector
⢠Whole Life Frail care benefit
⢠Up to R27.5k/m
⢠Pays for 100% Functional Impairment claims
⢠Increase with medical inflation
⢠Does not aggregate with other IP Benefits
25. Boost your retirement savings
⢠Add a Retirement Provider
⢠Retirement booster
⢠1.5% of annual risk premium X Term to retirement
⢠Equate to between 15-45% of premiums paid in