Life is hard, and sometimes it throws you unpleasant surprises. You work so hard to keep a roof over your family’s heads, and they deserve that continued security if something should happen to you. With Home Loan Protector you can relax knowing that your family will be able to live in a paid off house if you die, are diagnosed with a terminal illness, or disabled.

Death benefit

With Absa Life you can put your family’s mind
at ease with a lump sum payment that equals
the insured amount that you agreed upon.

Permanent disability

If you become disabled and your home loan
repayments become impossible to maintain
as a result, we will cover that obligation for you.

Guaranteed insurability

You can increase the amount that your home
loan is covered for, you can do this for the
first four years on your ‘policy anniversary’.

How to get it and what you can expect

  • Why do you need an Absa Home Loan Protector?

    For most of us, keeping a roof over our heads requires some financial assistance in the form of a home loan. While this may be a blessing to some, it can turn into a heavy burden if something happens to the one responsible for paying it off.

    If your hard-earned cash is contributing towards a home loan, you may require a Home Loan Protector from Absa. We can protect you if:

    • You have an Absa Home Loan
    • Your home loan is less than R1 million
    • You want to protect your family financially by covering any outstanding debt on your property should anything happen to you
    • You want to provide financial security for your family
  • What you get with Home Loan Protector?

    Losing a loved one, or seeing them disabled is traumatic enough without having to worry about everyday consequences like what might happen to the roof over your head. The Absa Home Loan Protector is for you if:

    • You work hard on maintaining your lovely home and your family deserves to continue enjoying these benefits if you’re gone
    • You want complete peace of mind that your repayments will be taken care of and that nobody will come between your family and their home
    • You are worried that you may not be able to carry on with your repayments after being badly injured or disabled
    • You want some flexibility to change the amount that you are insured for
    • You want as little as possible to bother you in the event that you are diagnosed with a terminal illness
  • What does this cover?

    Our Home Loan Protector includes benefits from various Absa Life products, to cover your home loan repayments if you die, are disabled, or are diagnosed with a terminal illness:

    Death benefit

    • Absa Life will put your family’s mind at ease with a lump sum payment that equals the insured amount that you agreed upon
    • The death benefit covers accidental and natural death

    Permanent and temporary disability benefit

    • If you become disabled and your home loan repayments become impossible to maintain as a result, we will cover that obligation for you
    • This cover includes permanent or temporary disablement

    Guaranteed insurability benefit

    • If you would like to increase the amount that your home loan is covered for, you can do this for the first four years on your ‘policy anniversary’.
    • You do not need to provide proof of health to increase the insured amount

    Terminal illness benefit

    • If you are diagnosed with a terminal illness, there will be plenty for you to think about without worrying about keeping your house. We will help out by paying you the sum insured under your death benefit

Need more help?

Let one of our consultants help you get the best home loan for your needs.

Call us on:

0860 227 253

E-mail us at:

lifesales@absa.co.za

Visit your nearest branch