With Discovery Life\u2019s Double PayBack Benefit, you could earn additional cash rewards through your life insurance plan.<\/p>\n
How does receiving up to 100% of your premiums back in cash sound?<\/p>\n
The PayBack benefit is built-in to the Discovery Life Shared-value Insurance business model, whereby a percentage of your life insurance premiums are paid back to you at set periods of time.<\/p>\n
That\u2019s extra money in your pocket, simply for living a healthy lifestyle.<\/p>\n
Life insurance provides individuals with the means to create a financial security net that benefits their loved ones should they be negatively impacted by \u2018unthinkable circumstances\u2019.<\/p>\n
In the event of death, disability, or severe illness, or even loss of income, life insurance sees to it that those closest to you can continue living a productive, fruitful and healthy life.<\/p>\n
\u201cThe beauty of the Discovery Life\u2019s insurance portfolio is that all the policies on offer are structured to be relevant to a person\u2019s life \u2013 both in the immediate future and down the line,\u201d said Discovery certified financial advisor, Claire van Wyk.<\/p>\n
\u201cPacked with comprehensive benefits, a policy can be adapted at any stage should your needs change.”<\/p>\n
“The Discovery Life Plans are flexible enough to accommodate changing needs and still remain comprehensive,\u201d she added<\/p>\n
\u201cWhat makes the Discovery Life Plans worthwhile is that they offer policyholders more value,\u201d said van Wyk.<\/p>\n
\u201cWe all wish to get the most out of life and lead healthy lifestyles \u2013 our policies encourage that with a rewards \u2013 based programme.”<\/p>\n
“When you live well and manage your money better, life becomes that much \u2018richer\u2019,<\/em>\u201d she noted.<\/p>\n Discovery Life is ramping up their much-loved PayBack benefit, offering you the ability to earn up to\u00a0100% of your life insurance premiums back in cash\u00a0when you take out a Discovery Life policy.<\/p>\n By simply selecting the Double PayBack option and choosing to receive your PayBack five years later, you are able\u00a0to double the PayBack\u00a0that you receive –\u00a0earning up to 100% of your qualifying premiums.<\/p>\n Once you have a comprehensive Discovery Classic or Purple Life Plan<\/strong><\/a>\u00a0in place, you can link it to various other Discovery products for added value.<\/p>\n As a\u00a0Discovery Health<\/strong><\/a>\u00a0and\u00a0Vitality<\/strong><\/a>\u00a0member or\u00a0Discovery Bank<\/strong><\/a>\u00a0client, linking your products together allows you to benefit from receiving upfront premium discounts as well as the PayBack benefit.<\/p>\n With Discovery’s PayBack you can get substantial cash back throughout your policy term by managing your health and wellness.<\/p>\n 1. Annual guaranteed PayBack of up to 10% back for the first 10 years of a policy<\/strong><\/p>\n By adding the Financial Integrator to your Comprehensively Integrated Classic or Purple Life Plan, you can receive a guaranteed percentage of your premiums paid back in cash each year for the first 10 years.<\/p>\n 2. Five-yearly PayBack of up to 50% back<\/strong><\/p>\n Additionally, you can get up to 50% of your premiums back every five years up to age 65.<\/p>\n \u201cPayBacks are a way to share value with our clients,\u201d said van Wyk.<\/p>\n \u201cPolicyholders who live healthily stand to benefit from rewards generated throughout their policy term. These types of rewards can really add value to a person\u2019s quality of life \u2013 I see this in what I do almost every day.\u201d<\/p>\nThe PayBack Benefit that offers you a little more<\/strong><\/h3>\n
New to the <\/strong>PayBack benefit<\/strong><\/a>? Here\u2019s how it works<\/strong><\/h3>\n
Additional cash payouts through your policy<\/strong><\/h3>\n