The enhanced Income Continuation Benefit: Protect your income

Commitments, errands, socialising, family time, me-time – life is full of commitments. But what does it take to keep your life in full swing? For most of us, our monthly income is essential for making it all happen. However, what would happen if, for some reason, you could no longer earn your salary? How you would survive?

Fortunately, Discovery Life’s Income Continuation Benefit will help you maintain your financial commitments and keep your independence if you are retrenched, if something happens to your family, or if you become disabled or severely ill and are no longer able to perform your job. And, since life isn’t just about money, at Discovery we have once again enhanced our offering to include exciting, market-leading benefits to our Income Continuation Benefit.

A unique policy to protect your lifestyle

Life is unpredictable. But making smart choices in your day-to-day life can boost your future financial security. Discovery Life’s Income Continuation Benefit will not only insure 100% of your net income, it also allows you to protect your lifestyle with a range of unique benefits:

The HealthyLiving Protector: Do you shop at Pick n Pay, Woolworths, Clicks, Dis-Chem, Sportsmans Warehouse or Totalsports? Do you enjoy cash back as a Vitality member? The new HealthyLiving Protector Benefit will cover up to 100% of your average HealthyFood, HealthyCare and HealthyGear spend every month if you become permanently disabled.*

The Transport Protector: What would happen if you were unable to drive due to injury or illness? Can you afford to call a taxi every time you need to go out? Do you have friends and family you can continuously ask for transport? Being injured or severely ill shouldn’t mean losing your independence. The new Transport Protector gives you access to Uber services, up to the value of R5 000 per claim, if you’re booked off work for being temporarily disabled.*

The Retrenchment Protector: If it hasn’t happened to you, you probably know someone who’s been retrenched. In these tough economic times, it’s one of the most understandable fears. If you’re faced with retrenchment or liquidation, you’ll be covered for up to 100% of your Discovery contributions (including Discovery Life, Discovery Health, Discovery Retirement Optimiser, Discovery Insure and Vitality contributions, where applicable) for up to six months.

The Family Protector: We realise how important your family is to you and how a severe illness will affect your family. That’s why we’ve automatically included the Family Protector on the Comprehensive Option. This benefit will pay 100% of your Income Continuation Benefit and Temporary Income Continuation Benefit premium for up to six months if your spouse or child suffers a severe illness (from a pre-determined list). What’s more is that the Family Protector will also pay 100% of your Income Continuation Benefit and Temporary Income Continuation Benefit insured amount for one month if your spouse dies.

LifeTime Capital Disability Lump-sum Benefit: As an added benefit to see you through the financial impact of a disability, if you become permanently disabled, you can qualify for an additional lump-sum payment of up to 36 times your monthly Income Continuation Benefit insured amount. This amount is further based on the impact the disability will have on you throughout your lifetime.

Plan today for a more secure tomorrow

The adage “never put off until tomorrow what can be done today” is a motto to live by. Especially when everything you do today, from planning for your future financial security to living a healthy and fit life, can make a difference tomorrow.

Speak to your financial adviser about the new features to the Income Continuation Benefit offered by Discovery Life and ensure that your lifestyle is protected.

*Terms and conditions apply.