Critical Illness cover pays a lump sum in the event that you get diagnosed with a critical illness that meets the requirements of one or more of the defined critical illness claim events as shown in your policy document. Critical illness claim events typically include various cancers, heart related diseases, musculoskeletal, central nervous system, etc Visit www.triarc.co.za/life-insurance and have a look at the technical specification under each product page.

1. CRITICAL
ILLNESS
BENEFIT
LGBTI INSURANCE PROVIDER
TRIARC is an authorised financial services provider FSP45009.
TRIARC insurance products underwritten by Guardrisk Life FSP 76.
Council of Medical Scheme Number ORG 4040.
The main reason you may want to opt for
accelerated benefits is that it provides you with a
way to get cover for more things while still paying
a relatively low premium.
DISADVANTAGE
The main disadvantage is that if you claim for
one thing, the remaining benefit on the other
things is reduced.
As an example, if you take out an accelerated
Critical Illness Benefit policy and at some stage
of your life claim against it, your Death Benefit
will be reduced by the amount that you claimed
against Critical Illness Benefit.
You could therefore get to a point where your
Death Benefit has been reduced to zero and your
cover will then stop.
WANT TO KNOW MORE?
Visit www.triarc.co.za/life-insurance and have
a look at the technical specification under each
product page.
CONTACT US
021 810 5700
www.triarc.co.za proud2b@triarc.co.za
triarcgroup triarcgroup
LGBTI
INSURANCE
PROVIDER

2. BUT I HAVE MEDICAL AID
A good medical aid will go a long way to start you
off on the right treatment if you do get diagnosed
with a critical illness, but various limits and co-
payments quickly kick in and very soon you find
yourself in an awful financial predicament.
WHAT YOU GET
A Critical Illness Benefit policy will pay a
lumpsum when you get diagnosed with any of
the qualifying diseases and you can use those
funds for anything you choose.
WHAT TO CONSIDER
BENEFIT AMOUNT
Because of the relative high cost of Critical
Illness Benefit, it is a good idea to calculate your
requirements very carefully.
Things to consider would include loss of income
from your job, your normal monthly expenses,
current debt and enough cover for medical costs
to give yourself a fighting chance against the
disease.
PREMIUM PATTERN
If you choose a premium pattern when taking
out Critical Illness Benefit you will pay a reduced
premium now for the same benefit amount, but
an increased premium in later years.
A premium pattern therefore makes it more
affordable to get the cover you want earlier in
life and pay a bit more later when you earn more
and hopefully have less debt.
CRITICAL
ILLNESS
BENEFIT
IS THIS FOR YOU?
WHAT ARE THE CHANCES
The prevalence of various kinds of cancers and
other so called “dread diseases” continue to
increase year by year and although the stats and
your own lifestyle and occupation are important
considerations, you should also look at your
family medical history when prioritising adding
Critical Illness Benefit to your portfolio.
The stats are depressing to be honest and
indicate that a significant percentage of us will
be diagnosed with a critical illness and many will
find themselves in financial distress because of
the high cost of treatment and other expenses.
CORE OR COMPREHENSIVE
You will need to decide between Core or
Comprehensive Critical Illness Benefit.
The Core Critical Illness Benefit option always
pays 100% of the benefit amount, but has very
strict criteria before you will be eligible for a
claim.
The Comprehensive Critical Illness Benefit option
pays 100% of the benefit amount using the strict
criteria or you may be eligible for a 25% payment
for less severe conditions.
PREMIUM GUARANTEE
You can opt for a premium guarantee on your
Critical Illness Benefit policy which means that
your premium cannot be increased during that
time (over and above the premium pattern and
benefit growth you chose).
Opting out of a premium guarantee will probably
get you a reduced premium, but your premium
may increase annually based on the risk
experience of the insurer..
SINGLE OR NOT?
Like Disability Benefit and Functional Impairment
Benefit, Critical Illness Benefit can also be taken
as a standalone or you could combine it with
a Death Benefit to capitalize on some of the
advantages of doing that.
ACCELERATE OR NOT?
When you combine your Critical Illness Benefit
and Death Benefit policies your first consideration
is whether to “accelerate” the benefits or not.