Liberty Newsletter April 2019 View the newsletter online

Up to 50% back on premiums in cash?

By Nalen Naidoo,
Liberty's Divisional Executive: Retail Solutions and Shared Value

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Liberty designed a unique way to reward you, our valued clients who actively manage your lifestyle risks. If you're a member of a wellness program, you can potentially earn up to 50% of the premiums you paid to Liberty for your Lifestyle Protector cover back, in cash after five years.

This is a major innovation in the way long-term insurers reward their clients for living a healthy lifestyle. We use the wellness measurements from recognised programmes and integrate it into our long-term insurance solutions. A cash reward for living healthier is the best way to acknowledge the clients efforts in reducing their risks.

With this feature, we truly believe that we're showing our commitment to you, our valued client. Now, you can enjoy the health benefits of living healthier, the rewards offered by your wellness programs, cash back after five years and you will have the right risk cover in place.

How Liberty's Wellness Bonus Works

Firstly, you must be a member of a wellness programme that Liberty recognises. To add the Wellness Bonus feature to a Lifestyle Protector policy, you'll need to contribute an additional 5% of your qualifying monthly premiums. You must dedicate yourself to working at maintaining or improving your wellness programme tier status. Once a year, Liberty must be updated with these health results. From the 5th policy anniversary after adding the Wellness Bonus benefit, you could receive up to 50% of your premiums paid over five years back in cash.

Premiums on traditional wellness or rewards programs fluctuate depending on your health status. If you live an unhealthy life, your premiums increase and your cover reduces. As a member of Liberty's Wellness Bonus your monthly premiums will not fluctuate, and the level of cover you have will not change, if you don't maintain a healthy lifestyle. Only your cash back bonus will be impacted by the results of the wellness programs clients are involved in.

Financial advice is essential to reap the benefits of the Wellness Bonus

Lifestyle Protector offers clients a wide range of risk benefits. An experienced financial adviser should help you to select the right risk combinations suited to your lifestyle.

There are also nuances to getting the maximum Wellness Bonus that Liberty's Financial Advisers have been fully trained on. For example, you can boost your Wellness Bonus by an additional 10% if you have the ADDLIB benefit linked to your Lifestyle Protector solution. Clients who are at the top tier of their wellness programme and an ADDLIB member can potentially get as much as 50% of cash back.

Financial Advisers have all the knowledge and expertise required to package your Lifestyle Protector cover effectively. They can help clients to mitigate their risks, ensure that premiums are well managed and advise on how to secure the biggest possible Wellness Bonus after five years.

For more information on Liberty's Wellness Bonus click here or speak to an accredited Liberty Financial Adviser after 5 May 2019.

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DISCLAIMER: Liberty Group Ltd is a Registered Long-term Insurer, the insurer of Lifestyle Protector and an authorised Financial Services Provider, FAIS no 2409. Terms and Conditions apply.