Your Last Will
ENSURE THE LIGHTS STAY ON AND YOUR FAMILY STAYS COVERED
WHAT IS ESTATE OVERHEADS PROTECTORTM
The Estate Overheads ProtectorTM specifically pays for the necessary everyday expenses your family needs in the aftermath of your death and for the duration of the winding-up of your Estate.
WHY ESTATE OVERHEADS PROTECTORTM
The Estate Overheads Protector™ has a focused and dedicated purpose, to ensure the lights stay on, the insurances are paid and your family is still covered on medical aid if you are no longer there to pay these important bills.
The Estate Overheads Protector™ is unique in that it pays only for pre-classified expenses at the direction of your Executor who is responsible for the well-being of your family.
The unique benefit provides for a monthly or otherwise payment directly to the providers in question, such as your medical aid or car insurer, at the request of your Executor, for a period of 12 months.
This structure avoids the common pitfall where beneficiaries have the expectation that these expenses are taken care of. The funds do not mix with the Estate late bank account where liquidity restrictions mean that the Executor may not be able to use these funds to pay your family’s bills each month.
In the case of a monthly benefit any residue or unpaid expenses at the end of the 12-month payment period will pay to the Estate or the nominated beneficiary of your Immediate Liquidity Benefit™.
A Lite option of the benefit is available in combination to or on its own to provide specifically for upfront cash costs that your Executor needs to pay that may not be provided for sufficiently by the Indemnity Plan™.
Legacy Protection PlanTM:
Estate Overheads ProtectorTM Benefit Explainer
Find out more about how this benefit of the Legacy Protection PlanTM covers the cost of medical aid, school fees and home utilities whilst your Estate is being wound up.
ESTATE OVERHEADS PROTECTORTM BENEFIT
A world class Executor-guided Benefit to protect your family from the complex funding problem of short and medium term Estate overheads such as medical aid, home utilities and school fees. The benefit can pay an initial and/or monthly benefit.
- Estate Overheads ProtectorTM – Lite
- Estate Overheads ProtectorTM – Classic
- Estate Overheads ProtectorTM – Premium