Once her life cover was active, Thandi was given the option to auto adjust her policy value ✅
Once her life cover was active, Thandi was given the option to auto adjust her policy value ✅
What does this mean for Thandi?
After a period of 6 months, Thandi’s Easy Portfolio will be re-evaluated. If the value of her investments and assets has increased, her life insurance requirement decreases accordingly. This means she will get a savings portion on her policy value too - Hooray! 👏
SAVING OPTIONS
R 9.50
Required Cover
R 2,250,000.00
LESS ASSETS
Easy Portfolio
- R 1,100,000.00
Additional Assets
- R 50,000.00
NET COVER REQUIRED
R 1,100,000.00
THANDI PAYS
R 109.99 p/m
Frequently Asked Questions
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What is Auto-Adjust
As your assets grow over time, the amount of cover you need decreases. If you choose to auto-adjust your cover, we will update your cover to your new required amount after assets, every 6 months. As your policy cost decreases the excess will be yours to invest.
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Can I switch Auto-Adjust off at anytime?
Yes, you can! Like you toggle Auto-Adjust on, you can toggle Auto-Adjust off. When Auto-Adjust is toggled off, your life cover remains as set and will only update when done manually yourself.
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What happens if my EasyPortfolio decreases over 6 months
Auto-adjust is aimed to help you grow your investments. If your portfolio remains the same or decreases, your cover amount stays the same and so no savings portion will exist.