Your Income and Health Are Your Most Valuable Assets
Most people insure their vehicle and home, yet neglect to protect the one asset that finances everything — their ability to earn an income and maintain their health. At Multi Brokers, we structure comprehensive disability and critical illness solutions to ensure that a diagnosis or injury never becomes a financial catastrophe.
Did you know? Statistics show that you are far more likely to suffer a serious illness or disability during your working life than to die prematurely. Yet most South Africans are significantly under-insured in this area.
Disability Cover
Disability cover replaces your income if you are unable to work due to injury or illness — either temporarily or permanently. There are two main types:
- Lump Sum Capital Disability: A once-off payment on diagnosis of a qualifying disability. Used to pay off debt, adapt your home, or fund long-term care costs.
- Income Protection (Temporary & Permanent): A monthly benefit that replaces a portion of your salary if you cannot work. Covers both temporary disability (e.g. surgery, recovery) and permanent disability (e.g. chronic illness, accident).
- Functional Impairment Cover: Pays out based on the measurable loss of function in a body part or cognitive ability, regardless of whether you can work.
Critical Illness Cover
Critical illness cover (also known as dread disease cover) pays a tax-free lump sum upon diagnosis of a defined serious illness. This money is yours to use however you choose — to cover medical costs not covered by medical aid, to take time off to recover, to fund experimental treatments, or to restructure your finances.
Conditions typically covered include:
- Cancer (various stages and types)
- Heart attack and coronary artery disease
- Stroke and neurological events
- Organ failure (kidney, liver, heart transplants)
- Multiple sclerosis and Parkinson's disease
- Alzheimer's disease and dementia
- Severe burns and trauma
- Paralysis and loss of limbs
Why Both Covers Matter
Disability and critical illness cover complement each other. A critical illness benefit provides an immediate lump sum at diagnosis — covering shock costs, gap cover shortfalls, and lifestyle adjustments. Disability income protection then continues to replace your monthly salary for as long as you cannot work. Together, they provide a comprehensive financial safety net that no single product alone can offer.
Our Approach
We conduct a thorough needs analysis to assess your current group benefits (if any), your income structure, your financial obligations, and the cover definitions offered by different insurers. Cover definitions vary significantly between providers — we ensure you understand exactly what you are buying and that it is appropriate for your occupation and lifestyle.
We compare solutions across all major South African life insurers to find the right combination of benefits, definitions, and premiums for you.
Contact Johan or Wessel for a no-obligation disability and critical illness needs analysis:
- johan@multibroker.co.za | 086 111 1335
- wessel@multibrokers.co.za | +27 44 124 0299