Designer industry-leading cover for additional expense needs to meet the specific financial need it covers. What\u2019s more, the additional expense needs cover caters for multiple claims, ensuring that clients have comprehensive, needs-matched protection.<\/p>\n
In the event of an illness or injury, a client may incur expenses in addition to the ones they already have and know about before the event (like childcare needs and debt needs). These additional expenses may relate to medical aid shortfalls, the costs of assistive devices, physiotherapy, nursing and assistance, and home and lifestyle adjustments. To cover these additional expenses, BrightRock offers clients cover that they can access in the event of a severe illness or injury that may lead to these types of financial obligations.<\/p>\n
BrightRock\u2019s cover for additional expense needs provides market-leading protection through the following features:<\/p>\n
1. Clients can receive a pay-out of up to 200% for one claim. There is no limit on maximum pay-outs for unrelated claims, and no limit per body system;<\/p>\n
2. BrightRock has introduced a market-first in offering our clients the ability, for certain conditions, to choose the best pay-out based on their prognosis. They can receive either the full lump-sum upfront or a lower initial lump-sum and regular recurring pay-outs for a defined period;<\/p>\n
3. All our options use the same set of clinical definitions, providing cover for more than 300 conditions;<\/p>\n
4. Clients have automatic access to cover for their children, from birth, for additional expense needs, covering the 300+ conditions in our clinical definition set plus an additional 36 child-specific illnesses and injuries;<\/p>\n
5. Clients\u2019 cover reinstates for multiple claims, ensuring clients are covered for new conditions, and recurrences and progressions of previous conditions;<\/p>\n
6. BrightRock doesn\u2019t impose any general waiting or survival periods (condition-specific waiting periods may apply). We have these when a period of time needs to have passed, and is absolutely essential, in assessing the severity of a condition;<\/p>\n
7. Cover stands alone, which means a claim against cover for additional expense needs won\u2019t affect the client\u2019s cover for income protection needs or death (no acceleration);<\/p>\n
8. Clients can select the advanced pay-out option as an add-on, increasing their pay-outs for 33 conditions (including the SCIDEP conditions) by as much as 50%;<\/p>\n
9. The ability to buy-up cover in future is included automatically, at no extra cost \u2013 another first in the market.<\/p>\n
This is a summary of how BrightRock\u2019s additional expense needs cover works. Please contact us if you\u2019d like to find out more.<\/p>\n","protected":false},"excerpt":{"rendered":"
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