Liberty

If you’re looking for a South African insurer that offers a range of flexible and innovative solutions to meet your unique insurance needs, then look no further than Liberty.

Why you should consider partnering with Liberty

Some reasons why you might want to consider Liberty as your insurer include a wide range of insurance products and services. This includes life, health, retirement, and investment solutions.

They have financial strength and stability, are backed by over 60 years of experience in the industry, and are committed to customer-centricity, with a focus on delivering personalised solutions. With their track record of innovation, and a range of digital tools and platforms to make insurance more accessible and convenient - they’re a great choice for anyone looking for customisable insurance options.

From humble beginnings to a leading insurer

Liberty was founded in 1957 by Sir Donald Gordon, a South African entrepreneur who wanted to create a life insurance company that would be more accessible and affordable to ordinary people. Over the years, the company has grown and diversified its offerings to become one of the leading insurers in South Africa, with a presence in 18 African countries and a total asset value of over R700 billion.

Insurance solutions for every stage of life

They offer a wide range of insurance products and services to meet your needs, your family’s needs, and your business needs at every stage of life. You can get life insurance solutions to protect your loved ones in the event of your death or disability, health insurance solutions to cover medical expenses and provide peace of mind, retirement solutions to help you save for a comfortable and secure retirement, investment solutions to help you grow your wealth and achieve your financial goals, and business insurance solutions to protect your company from various risks and liabilities.

A commitment to putting you first

Customer service is a top priority for them. The company has a dedicated customer service team that’s available to assist you with any queries or concerns you may have. They also offer a range of digital tools and platforms to make it easier for you to manage your policy and claims, including a mobile app and an online portal.

A breath of fresh air in the insurance industry

One thing that sets them apart from other insurers in the market is their creative approach to marketing and branding. From their catchy TV ads to their unconventional office spaces, Liberty’s not afraid to do things differently. This approach has helped them to build a strong brand identity and connect with you in a more meaningful way.

One of their most popular offerings is credit life insurance, which is designed to protect you and your loved ones from the financial burden of outstanding debt in the event of death, disability, or retrenchment.

What Liberty’s credit life insurance offers you

The main features of their credit life insurance options are the life cover which provides a lump sum payment to cover the outstanding balance of your debt in the event of your death. The disability cover provides a monthly income to cover your debt repayments in the event of total or permanent disability. Finally, the retrenchment cover provides a monthly income to cover your debt repayments for a set period in the event of involuntary retrenchment.

Tailored to your needs

Liberty offers a range of plans to suit your individual needs and budget. These plans include term life cover which provides cover for a set period of time, usually the term of your loan or credit agreement, decreasing term life cover which provides cover that decreases over time as your outstanding debt decreases, and level term life cover which provides cover that remains constant over time, regardless of changes to your outstanding debt.

How much are you covered for?

The amount of coverage you’re eligible for with Liberty's credit life insurance depends on a number of factors, including your age, health, and the amount of outstanding debt you have.

Typically, the maximum amount of cover available is the outstanding balance of your debt at the time of the claim. However, they also offer additional benefits, such as funeral cover, to provide further financial support to your loved ones in the event of your death.

Benefits of choosing Liberty for your credit life cover

There are many benefits to choosing Liberty's credit life insurance, like the peace of mind of knowing that your loved ones will not be burdened with your outstanding debt in the event of your death or disability, affordable premiums that are tailored to your individual needs and budget, the flexibility to choose the level of cover and type of plan that works best for you.

You’ll also enjoy access to a range of additional benefits, such as funeral cover and retrenchment cover, to provide further financial support in times of need, and the pleasure of dealing with a company that commits to customer service excellence, with a dedicated team of experts available to assist you with any queries or concerns you may have.