What is BeneFactor™?


BeneFactor™ is our way of labelling the various options you have of structuring your MyCover™ to ensure you receive the best value for the long-term insurance you secure to safeguard your legacy. Through BeneFactor™ there are three different ways to structure your life cover benefit:
1. You can opt to secure more life insurance cover at cost. What this means is that based on your personal demographic and health profile we can secure cover for you at a cheaper rate which results in you benefitting from a high life insurance cover value, at an industry-comparative premium.
2. Considering our ability to secure cover for you at a cheaper rate based on your demographic and health profile, you can opt to take just enough cover at a cheaper premium, ensuring you still provide for your loved ones with an option that suits your financial position the best.
3. The third option is to secure life cover that is marginally more than you would have secured elsewhere and receive cash back every five (5) years, that is a portion of the first year’s premiums.