To help you make a financial future for yourself, Frank insurance quotes can offer sound advice on life insurance products that allow you to take whatever life may throw at you.
What products and services do Frank offer?
- Life Cover: When you die, you want to leave some money to those left behind. Frank will pay out a lump sum of up to R10 million (tax free) to your chosen beneficiaries. You also have the choice of decreasing or increasing your cover whenever you want to. The premium you pay monthly depends on the type of cover you want, as well as your income, gender, lifestyle, hobbies and occupation, education and state of health. If your lifestyle changes in any way (if you change jobs or hobbies, stop or start smoking, for example), you need to tell Frank so that that premiums and pay out can be adjusted accordingly. If you neglect to do this, future claims may be refused or reduced, so it’s best to be “frank” about your current lifestyle choices.
- Salary Protection: If you are sick and injured and are temporarily out of work, or if you get retrenched, Frank’s salary protection scheme can help you to pay the bills that keep on coming. With salary protection form Frank you can be paid out in monthly instalments of up to 75% of your salary. This means that you will still be able to meet the costs of your vehicle, bond, utility and grocery bills that won’t stop working just because you have. A loss of income can be caused by a number of factors, from accident or illness to a disability. If you lose your incomes but still have premiums to pay and other expenses to meet, you could find yourself digging into savings (if you are lucky) or struggling to make ends meet. If you choose to insure this income with salary insurance, Frank will pay you out on a monthly basis, calculated by your previous earnings. If you change jobs, you must let Frank know or you could risk losing your cover and having it reduced should you need it.
- Disability cover: Accidents and illness can happen and if you are left unable to do your job, you will be able claim a lump sum from Frank (up to R5 million) to maintain your lifestyle and live under new circumstances. This kind of cover is not designed to cover medical costs (Frank will let the medical insurance take care of that). Rather, the payouts from Frank are intended to compensate for the illness and help you adjust to your new lifestyle. You can see this lump sum payout as a way to help you adapt to your new lifestyle; this may involves making your home more disability-friendly or adjusting other aspects of your life and environment accordingly.
- Serious illness cover: with serious illness coverage you can use the cash payout however to see fit – whether this is to support medical costs or daily living expenses. If you suffer from a stroke, heart attack, open heart surgery, or cancer, you can be paid up to R2 million.
As a registered financial services provider, Frank sell a variety of life cover products without using the services of a broker. This means no middle-man, and more money for the rest of us! As the name suggests, Frank steer clear of misleading descriptions and jargon, aiming for direct and honest service that is transparent and won’t leave you in the lurch when your life depends on it.
For more details about the life insurance options offered by Frank, visit their website on http://www.frank.net/. The company is based at 11 Adderley Street in Cape Town, but you can simply give them a call on 0860 600 006 or shoot an email to info@FRANK.net. You can even shoot straight for the stars and email the CEO of the company on lenerdlouw@FRANK.net.