Four things you need to know about Covid-19 and your insurance cover - The Mail & Guardian

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SPONSORED: Speak to a LibertyGroupSA Financial Adviser or your Broker about any concerns, we’re here to support you.

The Covid-19 pandemic has caused a lot of panic and uncertainty; many people have questions about their financial future and the impact of the pandemic going forward. Those with long-term insurance cover want clarity on how the pandemic will affect their long-term insurance cover.

From a Liberty perspective, Minnie answers some questions that are probably on your mind regarding your insurance cover with Liberty.If a client dies from Covid-19, death benefits will be payable. The normal terms and conditions of the policyholder’s policy will still apply.This is where Income Protection becomes very important.

Medical conditions that are claimed against the policy will be considered in line with policy definitions and normal claims practices.To date, the Covid-19 virus as far as we can confirm does not seem to create any complications that could cause long-term disability. Cases have shown no clear permanent lung damage after the infection has cleared.

However, the virus may lead to certain secondary conditions that may trigger a pay-out under the definitions within the current benefit categories.

 

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