Page 4 - FIA Insight - Q3 - 2022

INCOME

CONTINUATION

BENEFIT

Protect your clients’ most valuable asset – their income – with the Income
Continuation Benefit from Discovery. Your clients are also able to supplement
their retirement with extra income just by leading a healthy lifestyle.

Our Comprehensive Income Continuation Benefit (available on Classic and Purple plans)
includes the following benefits:

Market-leading protection, including automatic cover for whole of life, at a competitive premium
The ability to protect annual bonuses
Boosted payouts of up to 2.5 times their insured amount (subject to 100% of after tax-income) on permanent disability
Automatic lifestyle and long-term care protection

150% INCOME CONTINUATION BENEFIT OFFER

If your client experiences a permanent disability, we recognise that they will need additional funds to help minimise
the immediate impact of the disability on their lifestyle. As a result, we have created the 150% Income Continuation
Benefit offer, which provides your client with 150% of their total monthly claim payout when they have a permanent
disability claim that meets the Category A claim criteria. This boost pays out for two years after we consider a claim
to be permanent.

BUY-UP INCOME CONTINUATION FUND OFFER

To reward clients for recognising the importance of protecting their income for life, we are offering a 20% discount on
qualifying Income Continuation Benefit and Top-up Income Continuation Benefit premiums for three years if they opt
for the Buy-up Income Continuation Fund. This offer provides your clients with market-leading income protection at a
discount and boosted income in retirement.

These offers are available until 30 September 2022.

Discovery Life Limited, registration number 1966/003901/06, is a licensed life insurer, and an authorised financial services and registered credit provider, NCR registration
number NCRCP3555. No liability will be accepted for the effect of any future legislative or regulatory changes. Product rules, terms and conditions apply.
4 FIA INSIGHT 3 3d QUARTER 2022 ENGAGE – QUESTIONS@FIA.ORG.ZA | WWW.FIA.ORG.ZA

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