{"id":143,"date":"2019-01-30T07:13:56","date_gmt":"2019-01-30T07:13:56","guid":{"rendered":"https:\/\/www.innov8fs.co.za\/blog\/?p=143"},"modified":"2026-03-18T11:46:48","modified_gmt":"2026-03-18T11:46:48","slug":"when-life-cover-increases-automatically-are-premiums-really-guaranteed","status":"publish","type":"post","link":"https:\/\/www.innov8fs.co.za\/blog\/2019\/01\/30\/when-life-cover-increases-automatically-are-premiums-really-guaranteed\/","title":{"rendered":"When life cover increases automatically, are premiums really guaranteed?"},"content":{"rendered":"<p>Even though some insurers say that clients\u2019 premiums are guaranteed, clients may get an unpleasant surprise when a sizeable portion of the premium increase each year isn\u2019t guaranteed for the period they clients thought. With some insurers, part of clients\u2019 premium increases attributable to the cover increase they\u2019ve chosen every year is not guaranteed. So, while the client may believe they have a guarantee, in many instances, less than half of the premium increase that clients signs up for is actually guaranteed.<\/p>\n<p><!--more--><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-144\" src=\"https:\/\/www.innov8fs.co.za\/blog\/wp-content\/uploads\/2019\/01\/Images_wideimage.png\" alt=\"\" width=\"590\" height=\"257\" srcset=\"https:\/\/www.innov8fs.co.za\/blog\/wp-content\/uploads\/2019\/01\/Images_wideimage.png 590w, https:\/\/www.innov8fs.co.za\/blog\/wp-content\/uploads\/2019\/01\/Images_wideimage-300x131.png 300w\" sizes=\"auto, (max-width: 590px) 100vw, 590px\" \/><\/p>\n<p>Some providers that offer guarantees also reserve the right to change a client\u2019s premium within the \u2018guarantee term\u2019. Reasons why an insurer may opt to change premiums range from legislation changes and inflation changes \u2014 based on an internally-determined inflation rate rather than changes in actual consumer price inflation (CPI) \u2014 to other conditions, such as their medical aid claims, changes to loyalty programme rules or whether the client has bought other products offered by the provider. And where there\u2019s no guarantee offered, clients have even less certainty about what they\u2019ll pay in future for their cover.<\/p>\n<p>We offer the BrightRock, product to our clients, real 10-year premium guarantees \u2014 <span style=\"color: #ff0000;\">irrespective of their cover increases, how many times they go to<\/span><span style=\"color: #ff0000;\">\u00a0gym a week or their driving behaviour. This means no unpleasant surprises in their budget every year when they get to their policy anniversary.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even though some insurers say that clients\u2019 premiums are guaranteed, clients may get an unpleasant surprise when a sizeable portion of the premium increase each&hellip;<\/p>\n","protected":false},"author":1,"featured_media":146,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[22],"class_list":["post-143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-life-insurance","tag-life-insurance"],"_links":{"self":[{"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/posts\/143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/comments?post=143"}],"version-history":[{"count":2,"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/posts\/143\/revisions"}],"predecessor-version":[{"id":147,"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/posts\/143\/revisions\/147"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/media\/146"}],"wp:attachment":[{"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/media?parent=143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/categories?post=143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/tags?post=143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}