There are no second chances when it comes to having the right life cover
It need not be daunting… You can get sufficient quality life cover with us. It's transparent and easily-tailored to suit your needs - and pocket!
Life cover is important,
and here's why:
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Meet Mandy.
Mandy's mother always made sure her children were provided for, and knew the risks early enough to take out a sturdy life policy.
Why do your life cover with Capital Legacy?
Because our life insurance
puts your beneficiaries first
The Cover
It's smart to opt for a comprehensive cover that includes illness and impairment, creates a trust for your children, and lasts your whole life without any executor or trustee fees.
The Premiums
Our insurance plans offer fair pricing with sustainable premium increases below the industry average and flexible options for premium payment.
The Process
With the convenience of choosing to work with us directly or through your advisor, no need for medical testing in most cases, and the added benefit of getting your will done quickly and easily, our services provide a hassle-free solution.
Over 9 000 financial advisors
already choose us to help their clients
Did you know…
Capital Legacy was the first to bring a life cover that automatically creates a trust for your children with no costs attached for it.
Get an idea of what your life insurance costs
Our quality life insurance ensures that neither you or your beneficiaries are left
short-changed.
Use the below to slide left or right and see how much our cover may
cost you.
Your life insurance need
R 3,000,000
Optional disability cover
R 0
Our solution for life insurance is of MyCover™ and disability cover of of MyAbility™ from only
Our solution for life insurance is R 3,000,000 of MyCover™ from only
per month
*
R 315.90
per month
*
We apologize for any inconvenience caused, but our product is exclusively available to individuals with a monthly income of R17 500 and above.
*Based on a 41-year-old
male non-smoker.
All quotes are subject to medicals.
While we can’t promise that you’ll live forever...
Our flexible life cover keeps you ahead of the game - and with more benefits: comparably better rates, a plan that can seamlessly integrate with your will and estate, a hassle-free solution that ensures that your life cover is used the way you intended, and much more.
Up to R 15 000 000 life cover
Easy application process
Impairment and critical illness cover
You can lean on one of our friendly life cover specialists to get the right deal, quickly & easily
MyCover™ options
Choose an option that suits you and your pocket
With Protected Cover
A non-accelerated option which means, if you had to claim on your disability cover, the benefit for your life cover will not be affected.
Frequently asked questions
Does my SA will cover my UK assets?
A worldwide will works very well if you live in South Africa but have assets in a country with similar heirship laws to our own, such as the UK. Like South Africa, the UK has freedom of testation. It is important to have appropriate wills drafted to protect your estate and heirs suitably. You can either have multiple wills for each jurisdiction where you have assets, or you can draft a worldwide will to cover assets in different countries that have the same inheritance laws as South Africa. While certain countries follow the same rights of inheritance that South Africa recognises, there are others that are vastly different. However, a worldwide will or an offshore will can protect your estate if you are intending to relocate or if you are thinking of buying property abroad.
What happens to my home if I die without a will?
Regardless of whether you have a will or not, your estate will still need to be administered when you pass away, and this will be overseen by an executor. However, when you pass away without a valid will (intestate), your assets will be distributed to your heirs based on the Intestate Succession Act no 81 of 1987. Therefore, if your property is portioned into a few inheritances then the executor of your estate has the authority to sell it and distribute the proceeds to the various heirs or the executor may sell it in order to cover outstanding debts and taxes due, should there be little or no liquidity in your estate. Your descendants, however, could decide how to distribute their joint inheritance. If they decide to co-own the property, then it will be transferred into all their names.
Do I pay Executor’s fees on MyCover™?
No. Because MyCover™ is an extender benefit of the Legacy Protection Plan™, all your executor fees are indemnified regardless of who the nominated beneficiary is. If your life cover from another provider pays to an individual, it wouldn’t attract executor’s fees. However, life cover from other providers that pay to your estate or a trust will attract executor’s fees which can be charged at 3.5% plus VAT.
Can I bequeath to an Islamic heir?
No, bequests are only for non-heirs. If a bequest is made in favour of an heir, this would provide an unfair advantage to one heir over another. The other heirs have the right to block all or part of a bequest made to an heir. However, heirs can be nominated as the beneficiaries of the MyCover™ extender on the Tazkiya™ Family Takaful. It would be better to give a gift while you are alive, but be mindful that this can still create an unfair disadvantage.
How much life cover can I get with MyCover™?
You can secure up to R10 million life cover with non-invasive underwriting and up to R15 million for which we require blood tests, several BeneFactor™ options that suit your lifestyle (see FAQ on BeneFactor™ for more detail), cover for severe illness and impairment up to R5 million through MyAbility Cover™, and you have the option of selecting whether you would like the life cover to pay directly to a beneficiary, to a trust or your estate for which the executor’s fees are indemnified.
What is EduCare™?
An estate planning product that provides dedicated cover for your children’s education and care should you become impaired, severely ill or pass away. EduCare™ is integrated with your will through a Children’s Trust™. The proceeds will be paid to the Children’s Trust™ for the trustees to allocate according to your children’s needs. This is a whole-of-life product that is fully underwritten upfront. You would pay a single premium with no need to specify each child’s details. This product covers any beneficiary of the Children’s Trust™, including grandchildren. The trustees are bound to follow the product rules to the benefit of the child.Capital Legacy’s unique approach to education protection cover through EduCare™ not only helps cover school fees but also personal care needs, stationery, sporting equipment, food, and transport.You can choose the amount needed to help cover the costs of your children’s education and care (our expert consultants will guide you). If something happens to you, we will pay your EduCare™ benefit into a dedicated Children’s Trust™ for your child. The trustees of the Children’s Trust™ will then allocate funds to help cover your children’s education and care needs based on your plan. (You can nominate a person of your choice to be co-trustee together with a Capital Legacy expert, for peace of mind). All the trust and trustee fees are indemnified, ensuring that the full values go towards your children’s education and care.
Not to brag, but we're kinda good at what we do.
Don't take our word for it though...