Three ways your BrightRock cover keeps pace with your life
Whatever happens, we've got you covered.
Life has a habit of changing our plans. A new job brings a bigger salary. A growing family creates new responsibilities.
A bond gets paid, children become independent, health changes, priorities shift.
What looked like the right amount of life cover five or 10 years ago, may no longer meet your needs as neatly today.
That is why your insurance should never feel frozen in time.
Rather than treating a policy as something that is bought once and left untouched for decades, we've built flexibility into our needs-matched product, based on these market-leading features:
1. Boost your cover with no extra underwriting
BrightRock’s extra cover buy-up facility allows you to increase your cover after the policy has started, in line with your changing needs.
Best of all, you can do this without going through medical underwriting again.
You can continue to benefit from the underwriting completed when you originally took out your policy, perhaps at a time when you were younger and healthier.
Key points to note:
You need to use your extra cover buy-up within three years of taking out your BrightRock cover or making changes to it.
Maximum limits apply to the amount of additional cover you can buy with your extra cover buy-up facility, depending on the cover you already have – you can check your extra cover buy-up guide or speak with your financial adviser to see how much extra cover you have available.
If you've claimed from any life insurance policy, this could affect what cover you can buy using your extra cover buy-up facility.
For qualifying clients, the extra cover buy-up is automatically included on all standard BrightRock policies at no additional cost.
2. Change your cover as your needs change
Your financial needs do not simply become bigger or smaller over time. They also change shape.
The protection required while your children are young will be very different from what is needed once they have finished university.
Your income replacement needs may decline as retirement approaches. A mortgage may gradually disappear, while the need to leave a legacy or provide long-term protection remains.
BrightRock’s cover conversion facility is designed for these kinds of changes.
It allows you to use premiums for cover you previously had to buy cover for new needs when your needs change after the policy has started, even if your health has changed – again, without medical underwriting.
Key points to note:
You can use your cover conversion facility anytime after you’ve had your BrightRock policy or three years or more, free of medical underwriting (to a maximum of R10 million).
If you've claimed from your life insurance policy, this could affect what cover you can buy using this facility, but you can always use death cover premiums to buy more death cover – even if you've claimed
Just like the extra cover buy-up facility, the cover conversion facility is automatically included on standard BrightRock policies.
3. Get an annual opportunity to secure more cover
There is also a third way in which your cover can keep evolving.
For qualifying clients, our yearly secured cover facility gives you an annual opportunity to increase your cover without further medical underwriting.
Each year, you can buy additional cover equal to the lump-sum amount by which your death cover for income protection needs has reduced during the year.
This effectively creates a regular opportunity to reconsider whether some of that reducing cover should be replaced with additional protection elsewhere.
Once again, your current health does not become a new underwriting hurdle.
Life is an ongoing conversation
Together, these three facilities point towards a shift in the way life insurance can work.
A policy does not have to be a dusty document that disappears into a drawer after it has been signed. It can become part of an ongoing financial conversation.
What has changed in your life? What matters most to you now? What will your likely needs be in the years to come?
With BrightRock, your cover can remain connected to the life you are actually living, not just the life you were living on the day you signed your policy.
Because life doesn't stand still. That's why it makes sense to have cover that knows how to keep up with it!
Contact your financial adviser for more information
Speak to your financial adviser to find out how you can keep your BrightRock cover relevant as your needs change.
*PS: We want to make sure we always have your latest information to keep you updated about your cover. Please take a few minutes to confirm or update your details using our secure form at this link: https://forms.brightrock.co.za/accurate-details-better-communication.