Cover that keeps up with your investments
As your investments grow, you need less life cover, so why pay to insure what you've already built? Switch on auto-adjust and we'll update your cover every six months, and as its cost comes down, the difference is yours to invest.
How it works
We work out the gap
We take the cover your dependants would need and subtract your EasyEquities portfolio and other assets. You're covered for what's left.
You switch on auto-adjust
Once your cover is active, you can choose to turn auto-adjust on, and turn it off again whenever you like.
Every six months, we check again
If your investments have grown, the gap is smaller, so we update your cover to the new amount.
The difference is yours to invest
As the cost of your cover comes down, the difference goes straight into your EasyEquities ZAR account, ready to invest.
Meet Thandi
In January, Thandi takes out EasyProtect Life cover for five years.
January
We look at her EasyEquities portfolio and other assets, and subtract them from the cover her dependants would need.
| Cover her dependants would need | R2 250 000 |
|---|---|
| Her EasyEquities portfolio | less R1 000 000 |
| Her other assets | less R50 000 |
| Cover she takes out | R1 200 000 |
| She pays | R109.99 a month |
Once her cover is active, she switches on auto-adjust.
Six months later
Her portfolio has grown, so the cover she needs drops to R1 100 000.
| Cover her dependants would need | R2 250 000 |
|---|---|
| Her EasyEquities portfolio | less R1 100 000 |
| Her other assets | less R50 000 |
| Cover she now needs | R1 100 000 |
| She pays | R109.99 a month |
| Saving paid into her ZAR account | R9.50 |
Her premium stays the same, and the R9.50 saving goes into her ZAR account to invest further.
Questions people ask
As your assets grow, the cover you need decreases. With auto-adjust on, we update your cover to the new amount you need every six months, and as your policy cost comes down, the difference is yours to invest.
Yes, at any time. With auto-adjust off, your cover stays as it is and only changes if you update it yourself.
If your portfolio stays the same or falls over the six months, your cover stays the same, so there's no saving for that period.
