Page 5 - Estate Preservation Plan
P. 5
What you get out of the Estate Preservation Plan
• You decide how much of the sum assured to allocate to your heirs, the executor and the estate
costs.
• We pay out cash to your heirs within 24 hours of receiving your death certificate.
• You choose an executor (we don’t restrict who you choose) and negotiate the fee.
• You are able change executors at any time, if you choose.
• We pay out cash to use for any costs associated with winding up your estate (we don’t
prescribe where this money can be spent).
• The full sum assured regardless of what the costs amount to.
• Immediate cover on acceptance.
• Free accident cover for up to 30 days.
• The ability to forward the inception date by up to 60 days and still enjoy full cover.
• You can rest easy knowing that your heirs will not experience financial hardship as a result of
your death.
The Administration of Estates Act No. 66 of 1965 empowers the Master of the High
Court to order the appointment of a professional executor on estates exceeding a
certain value, regardless of who you have nominated in your will to act as an executor.
On average, an
uncomplicated
estate takes
9 to
12
months to wind up.
Terms & Conditions apply E&OE Estate Preservation Plan 5
