| | Unlike standard Life Insurance cover, the Mercedes-Benz Finance and *Insurance Asset Protection offers immediate payout to the finance institution of your outstanding debt in the event of permanent disability, dread disease and death, thus providing financial relief when it is needed most. The cover doesn’t form part of an estate which can take months to finalise. Our Asset Protection alleviates the financial burden in the event of permanent disability, dread disease and death, thus allowing your company to maintain a good credit record. The paid-off vehicle now becomes an asset in the estate, and not a further liability for your company. The Asset Protection offers two options: |
| Solo Life Asset Protection Plan |
| Solo Life Asset Protection Plan is aimed at the commercial vehicle owner and will pay the ‘one-owner’ type of company an amount equal to the outstanding debt in the event of dread disease, permanent disability and death, whilst offering immediate accident cover. For cover of up to R1 million, no medicals will be required and you will have the option to insure a second life for 50% of the original rate. |
| Owner / Driver Asset Protection Plan |
This product was specifically developed to cater for the Owner / Driver market and will pay as per Solo Life Asset Protection Plan an amount equal to the outstanding debt in the event of dread disease, permanent disability and death. The product also offers the following:
- Immediate accident cover
- Temporary disability cover
- The opportunity to cover a second life |
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