THE PROFESSIONAL AT LIBERTY LIFE Lifestyle Protection

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1 THE PROFESSIONAL AT LIBERTY LIFE Lifestyle Protection

2 Lifestyle protection for the professional The rewards of succeeding in your chosen profession are many. Job satisfaction, a good income and a lifestyle that allows you the freedom to pursue your interests and provide your family with a high standard of living. It s a lifestyle you ve worked hard for and the last thing you want to do is to put it at risk because you haven t made sufficient provision to protect it. That s why you need Lifestyle Protector part of The Professional at Liberty Life package which is designed to give you the cover you need against the four main types of risk you are likely to face in life the risk of dying, losing your ability to earn an income, contracting a dread disease and of losing your ability to get insurance cover in the future. In a world that is constantly changing, Lifestyle Protector provides you with cover that is flexible enough to exactly match your circumstances today whatever your financial, work or family situation may be, and to adapt to your needs as they change in the future. And as a professional, you qualify for Liberty Life s best risk category which entitles you to extremely competitive rates. Remember, Lifestyle Protection is only one of the range of benefits offered to you as part of The Professional at Liberty Life package. In order to ensure that every facet of your life is completely protected, we urge you to consider the comprehensive Income Protection, Retirement Planning and Wealth Creation opportunities available to you as a professional.

3 Protecting your future As a professional, there are certain key areas of your life that have to take priority: Your career job satisfaction, making a valuable contribution to your company and growing professionally are likely to be high on your agenda. However, an illness or injury can put this all at risk, so it is important that you make provision to replace your income in case something happens to you. Your family securing the best for your spouse and children if something should happen to you is very important. This is where the life cover, dread disease cover and disability cover available under Lifestyle Protector can play their part. Your business you want to grow your business but realise that if something happens to you, or to a key person in your company, this dream could be at risk. Again, life cover and disability cover can play an important part in securing the future of your business. Protecting your income The risk of losing your ability to earn an income is one of the greatest that you face as a professional. The graph below shows the lump sum required at various ages (using certain assumptions) to provide an income until age 65 of R per month, escalating at 5% per annum Lump sum amount 3,000,000 2,500,000 2,000,000 1,500,000 1,000, , Age at disability The Professional at Liberty Life package provides comprehensive solutions to protect both your income and your business expenses in the event of something happening to you. These are detailed in the Income Protection for the Professional brochure.

4 Protecting your family If you have a family you will also want to secure their future in the event of something happening to you. This is where the other Lifestyle Protector benefits become important: Life Cover Life cover is the cornerstone of any financial plan. If anything should happen to you, appropriate life cover will: Secure the family home so that your dependants are not left without a roof over their heads Secure an education for your children so that they have the same, or better, opportunities in life as you did Pay any estate duty that becomes due, preventing your dependants from being forced to sell assets to cover this liability; and Pay off any outstanding debts Dread Disease Cover As the graph below shows, a serious illness or injury can strike at any time. While you may survive the illness or injury, will you survive the financial impact? There may be unpaid medical bills, you may have to modify your car or house, or even have to hire a full time nurse, or someone to look after your children on a full time basis. % of claims 40% 30% 20% 10% 0% Age Source: Liberty Life permanent lump sum disability claims paid in 2004 The Professional at Liberty Life package also covers the cost of pregnancy-related complications and serious illnesses suffered by your children, protecting you against situations which can drain your financial resources. Future Protector As your career and family grow, you are also likely to need more life, disability and dread disease cover. The Future Protector benefit allows you to secure this cover now while you are still healthy, guaranteeing more cover in future without the need for further underwriting other than a negative HIV test.

5 Protecting your business If you have your own business, or are a partner in a business, you know that you, and possibly one or two others, are key to the success of the business. What if something happens to one of you? Will you have the resources to replace them? Will you and any remaining partners be able to buy out a person who becomes disabled, or pay out the dependants of someone who passes away? Life cover and Lump Sum Disability cover are the ideal way to secure the future of your business if a partner is disabled or passes away. They can also be used to provide the financial resources required to replace a key individual in the business should they become disabled or pass away. The Future Protector benefit is also important for the business owner. As the value of your business grows, it allows you to increase the value of the life cover and disability cover on each partner s life, even if one of them is no longer insurable, thereby securing the future of your business. Take the next step The Professional at Liberty Life offers you a modern, flexible solution to meet your changing needs. Most importantly, the package is not prescriptive you choose the cover and investment options you want when you need them... putting YOU firmly in control of your own financial destiny. This brochure provides you with an overview of the Lifestyle Protection benefits for which you qualify as a professional. If you require any additional information, please speak to your Liberty Life financial adviser. All you have to do is take the next step Call your financial adviser today and enjoy a secure tomorrow as a Professional at Liberty Life.

6 ADD LIB another unique benefit for the Professional The Professional at Liberty Life also entitles you to ADD LIB our exciting benefit that rewards your financial foresight with a cash bonus every five years. This bonus is based on the level of your assurance cover and the assets you accumulate with Liberty Life for your retirement or other needs. With ADD LIB you could receive up to 40% of your Lifestyle Protector premiums back IN CASH every five years! The more assets and risk protection you have with us, the higher your ADD LIB bonus will be! Rewarding your professional status Usually, a Lifestyle Protector policyholder would need R1-million worth of risk cover and R worth of assets to qualify for an ADD LIB bonus. As a professional however, you need R1-million of risk cover and only R worth of assets to qualify meaning that you qualify for your ADD LIB bonus sooner than anyone else! With ADD LIB, you get even more value for money while at the same time securing your financial future! Note: Please refer to the Lifestyle Protector policy document for the full detail of the calculation of the ADD LIB bonus. Any legal, technical or product information contained in this document is subjected to change from time to time and is not to be construed as advice by Liberty Life. Any recommendations made must take into consideration your specific needs and personal circumstances. This document is a summary of features of the product. If there are any discrepancies between this document and the contractual terms, or where applicable, fund rules, the latter will prevail. Please bear in mind that certain investments are subjected to market fluctuation and as such past performance cannot be relied on as an indication of future performance. Source: Liberty Life Liberty Group Limited - an Authorised Financial Services Provider in terms of the FAIS Act (licence no.2409)