A safety net for when you're in debt
BrightRock’s debt instalment protector is designed to give you peace of mind when you need it most.
If life is what happens while you're making other plans, as John Lennon once said, then what other plans do you have on hold for when life happens?
You may have your career mapped out, your debts under control, and your future neatly arranged. Even so, you can never know if and when the unexpected will come knocking.
That’s where BrightRock’s new debt instalment protector steps in.
It’s designed to give you peace of mind, by making sure your debt obligations don’t become overwhelming if you’re suddenly left without an income because of retrenchment.
Cover that matches your needs
At BrightRock, we’ve always believed that your insurance should fit you, not the other way around. That’s why our cover for debt needs allows you to protect your obligations precisely.
You can set up individual debt needs on your policy to match the exact amount, behaviour, and duration of your debt. That way, you only pay for what you actually need.
Traditionally, this means that if you were to die, become ill, or suffer an injury, your cover would ensure those debts are taken care of. But what about temporary hardships like retrenchment?
In that event, the debt instalment protector adds a vital extra layer.
A helping hand when you really need it
Should you be retrenched, the debt instalment protector provides cover under temporary expenses for debt needs, stepping in to help with your monthly debt instalments.
Here’s how it works:
You must structure the debt cover appropriately (for temporary expenses, permanent expenses and death cover) and cede the cover to the relevant loan provider;
BrightRock will pay your loan provider directly, covering up to 12 monthly instalments for each retrenchment event (as long as you remain unemployed and actively looking for work);
Over the life of your policy, you can claim up to a maximum of 36 monthly payments, across three separate retrenchments;
Payments continue until you’re employed again or the 12-month cap is reached—whichever comes first.
This means you can focus on finding your next opportunity, without the added pressure of debt instalments piling up.
How the payments are structured
To qualify, the individual debt you want to protect must be ceded to the financial institution that issued the credit.
In practice, this means your cover pays out directly to your lender, whether that’s your bank for a home loan, or another provider for different types of credit.
For example, if your home loan is ceded to your bank, the monthly instalments will be paid straight to them during your retrenchment period. This ensures that your debt obligations are taken care of exactly as intended.
BrightRock pays up to the lower of your actual cover amount or 33% of your gross income at the cover start date.
This limit is aligned with legislation governing the amount of credit you would have qualified for at the time.
Important timelines
As with any insurance product, there are some waiting periods and rules to keep in mind:
You can’t claim under the debt instalment protector within the first six months of your debt need cover starting, or within six months of the last time the debt was ceded (whichever is later);
If your policy is replacing an existing life insurance policy with retrenchment cover, BrightRock recognises that previous cover period;
To qualify, you need to have been employed for more than 24 months, including at least the last 12 months with your current employer. Small breaks of less than a month between employers won’t affect this.
These timeframes are in place to ensure fair use of the cover, while still offering strong protection.
Exclusions
There are certain situations where the debt instalment protector won’t pay out. These include:
1. If you are retired, a student, a home executive, or unemployed at the time of the claim event;
If you are self-employed, a director, business owner, contractor, or part-time, seasonal, or casual worker;
If the unemployment is due to resignation, lawful dismissal, retirement, voluntary retrenchment, or an unprotected strike;
If you knew about the retrenchment at least three months before the cover started or the debt was ceded;
If you work in a family business;
If the retrenchment is from the same employer for which a claim has already been paid in the past.
These exclusions make sure the cover is used for genuine, unexpected retrenchment events.
Why debt protection matters
For most South Africans, debt repayments are one of the biggest monthly expenses, and one of the most stressful to miss.
Falling behind can affect your credit record, put your home or car at risk, and create long-term financial challenges.
The debt instalment protector gives you breathing space when you need it most, ensuring your debt obligations don’t spiral out of control while you get back on your feet.
It’s another way BrightRock helps you protect your financial world, by matching cover to your real-life needs.
Contact your financial adviser or service@brightrock.co.za for the full terms and conditions that apply to our debt instalment protector.
A safety net for when you're in debt
BrightRock’s debt instalment protector is designed to give you peace of mind when you need it most.
If life is what happens while you're making other plans, as John Lennon once said, then what other plans do you have on hold for when life happens?
You may have your career mapped out, your debts under control, and your future neatly arranged. Even so, you can never know if and when the unexpected will come knocking.
That’s where BrightRock’s new debt instalment protector steps in.
It’s designed to give you peace of mind, by making sure your debt obligations don’t become overwhelming if you’re suddenly left without an income because of retrenchment.
Cover that matches your needs
At BrightRock, we’ve always believed that your insurance should fit you, not the other way around. That’s why our cover for debt needs allows you to protect your obligations precisely.
You can set up individual debt needs on your policy to match the exact amount, behaviour, and duration of your debt. That way, you only pay for what you actually need.
Traditionally, this means that if you were to die, become ill, or suffer an injury, your cover would ensure those debts are taken care of. But what about temporary hardships like retrenchment?
In that event, the debt instalment protector adds a vital extra layer.
A helping hand when you really need it
Should you be retrenched, the debt instalment protector provides cover under temporary expenses for debt needs, stepping in to help with your monthly debt instalments.
Here’s how it works:
You must structure the debt cover appropriately (for temporary expenses, permanent expenses and death cover) and cede the cover to the relevant loan provider;
BrightRock will pay your loan provider directly, covering up to 12 monthly instalments for each retrenchment event (as long as you remain unemployed and actively looking for work);
Over the life of your policy, you can claim up to a maximum of 36 monthly payments, across three separate retrenchments;
Payments continue until you’re employed again or the 12-month cap is reached—whichever comes first.
This means you can focus on finding your next opportunity, without the added pressure of debt instalments piling up.
How the payments are structured
To qualify, the individual debt you want to protect must be ceded to the financial institution that issued the credit.
In practice, this means your cover pays out directly to your lender, whether that’s your bank for a home loan, or another provider for different types of credit.
For example, if your home loan is ceded to your bank, the monthly instalments will be paid straight to them during your retrenchment period. This ensures that your debt obligations are taken care of exactly as intended.
BrightRock pays up to the lower of your actual cover amount or 33% of your gross income at the cover start date.
This limit is aligned with legislation governing the amount of credit you would have qualified for at the time.
Important timelines
As with any insurance product, there are some waiting periods and rules to keep in mind:
You can’t claim under the debt instalment protector within the first six months of your debt need cover starting, or within six months of the last time the debt was ceded (whichever is later);
If your policy is replacing an existing life insurance policy with retrenchment cover, BrightRock recognises that previous cover period;
To qualify, you need to have been employed for more than 24 months, including at least the last 12 months with your current employer. Small breaks of less than a month between employers won’t affect this.
These timeframes are in place to ensure fair use of the cover, while still offering strong protection.
Exclusions
There are certain situations where the debt instalment protector won’t pay out. These include:
1. If you are retired, a student, a home executive, or unemployed at the time of the claim event;
If you are self-employed, a director, business owner, contractor, or part-time, seasonal, or casual worker;
If the unemployment is due to resignation, lawful dismissal, retirement, voluntary retrenchment, or an unprotected strike;
If you knew about the retrenchment at least three months before the cover started or the debt was ceded;
If you work in a family business;
If the retrenchment is from the same employer for which a claim has already been paid in the past.
These exclusions make sure the cover is used for genuine, unexpected retrenchment events.
Why debt protection matters
For most South Africans, debt repayments are one of the biggest monthly expenses, and one of the most stressful to miss.
Falling behind can affect your credit record, put your home or car at risk, and create long-term financial challenges.
The debt instalment protector gives you breathing space when you need it most, ensuring your debt obligations don’t spiral out of control while you get back on your feet.
It’s another way BrightRock helps you protect your financial world, by matching cover to your real-life needs.
Contact your financial adviser or service@brightrock.co.za for the full terms and conditions that apply to our debt instalment protector.
A safety net for when you're in debt
BrightRock’s debt instalment protector is designed to give you peace of mind when you need it most.
If life is what happens while you're making other plans, as John Lennon once said, then what other plans do you have on hold for when life happens?
You may have your career mapped out, your debts under control, and your future neatly arranged. Even so, you can never know if and when the unexpected will come knocking.
That’s where BrightRock’s new debt instalment protector steps in.
It’s designed to give you peace of mind, by making sure your debt obligations don’t become overwhelming if you’re suddenly left without an income because of retrenchment.
Cover that matches your needs
At BrightRock, we’ve always believed that your insurance should fit you, not the other way around. That’s why our cover for debt needs allows you to protect your obligations precisely.
You can set up individual debt needs on your policy to match the exact amount, behaviour, and duration of your debt. That way, you only pay for what you actually need.
Traditionally, this means that if you were to die, become ill, or suffer an injury, your cover would ensure those debts are taken care of. But what about temporary hardships like retrenchment?
In that event, the debt instalment protector adds a vital extra layer.
A helping hand when you really need it
Should you be retrenched, the debt instalment protector provides cover under temporary expenses for debt needs, stepping in to help with your monthly debt instalments.
Here’s how it works:
You must structure the debt cover appropriately (for temporary expenses, permanent expenses and death cover) and cede the cover to the relevant loan provider;
BrightRock will pay your loan provider directly, covering up to 12 monthly instalments for each retrenchment event (as long as you remain unemployed and actively looking for work);
Over the life of your policy, you can claim up to a maximum of 36 monthly payments, across three separate retrenchments;
Payments continue until you’re employed again or the 12-month cap is reached—whichever comes first.
This means you can focus on finding your next opportunity, without the added pressure of debt instalments piling up.
How the payments are structured
To qualify, the individual debt you want to protect must be ceded to the financial institution that issued the credit.
In practice, this means your cover pays out directly to your lender, whether that’s your bank for a home loan, or another provider for different types of credit.
For example, if your home loan is ceded to your bank, the monthly instalments will be paid straight to them during your retrenchment period. This ensures that your debt obligations are taken care of exactly as intended.
BrightRock pays up to the lower of your actual cover amount or 33% of your gross income at the cover start date.
This limit is aligned with legislation governing the amount of credit you would have qualified for at the time.
Important timelines
As with any insurance product, there are some waiting periods and rules to keep in mind:
You can’t claim under the debt instalment protector within the first six months of your debt need cover starting, or within six months of the last time the debt was ceded (whichever is later);
If your policy is replacing an existing life insurance policy with retrenchment cover, BrightRock recognises that previous cover period;
To qualify, you need to have been employed for more than 24 months, including at least the last 12 months with your current employer. Small breaks of less than a month between employers won’t affect this.
These timeframes are in place to ensure fair use of the cover, while still offering strong protection.
Exclusions
There are certain situations where the debt instalment protector won’t pay out. These include:
1. If you are retired, a student, a home executive, or unemployed at the time of the claim event;
If you are self-employed, a director, business owner, contractor, or part-time, seasonal, or casual worker;
If the unemployment is due to resignation, lawful dismissal, retirement, voluntary retrenchment, or an unprotected strike;
If you knew about the retrenchment at least three months before the cover started or the debt was ceded;
If you work in a family business;
If the retrenchment is from the same employer for which a claim has already been paid in the past.
These exclusions make sure the cover is used for genuine, unexpected retrenchment events.
Why debt protection matters
For most South Africans, debt repayments are one of the biggest monthly expenses, and one of the most stressful to miss.
Falling behind can affect your credit record, put your home or car at risk, and create long-term financial challenges.
The debt instalment protector gives you breathing space when you need it most, ensuring your debt obligations don’t spiral out of control while you get back on your feet.
It’s another way BrightRock helps you protect your financial world, by matching cover to your real-life needs.