Botshelo - Mortgage Protection
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What is Mortgage Protection
This is life cover that is taken to secure a mortgage loan.
It pays cash in the event of death from both natural and accidental causes. The cash will be used to clear the outstanding mortgage loan.
The life cover must be for a term equivalent to the term of the mortgage loan.
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Who should buy Mortgage Protection
If you have a mortgage loan you should have this Protection Plan.
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What is the benefit of having Mortgage Protection
You can't predict death but you can determine what you leave behind for your family. It will help your family continue living when you can no longer provide for them.
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How much Mortgage Protection should you have
The amount of cover required must be equivalent to the outstanding mortgage loan balance.
Product Highlights
Our insurance products have the following unique features:
- Online, convenient, moneysaving insurance with complete peace of mind
- Up to P2 million cover with no medical exams required
- Mandatory work disability benefit
- Optional critical illness benefit as a rider
- Covers natural and accidental death
- Entry age of 18 to 63
- You the life insured, or your spouse may make the monthly payments
Our Client Benefits
Our clients have 24-7 access to the following benefits:
- Quote in under 1 minute, buy in less than 20 minutes – online!
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Access to myabsalife.co.bw , a secure and convenient online policy management service
- Change your banking and contact details easily - saving you time
- View your policy communications and policy documents
- Make changes to your levels of cover
- Update your beneficiaries
Tips
- Always have a beneficiary nominated. Without a beneficiary nomination the cash will fall within your estate and that means a delay in getting it to the people who need it most, your loved ones.
- If you are married it is always good to nominate your spouse as a beneficiary. By doing this you will save on estate duty.
- Have your will regularly updated. It is the only way to ensure that your assets go to the right people after your death.