Bula Life Provides:

• Protection and income replacement for surviving family members.
• Protection and income replacement for your business on the untimely death of your insured key partners or directors or managers.
• Mortgage protection security against loans from financial institutions.

Benefits provided are:
1. Death Benefit Pays out the full sum insured on the untimely death of the life insured PLUS

2. Pays out accrued bonuses on the untimely death of the life insured

Terminal Illness Benefit

1. Pays out 50% of the sum insured plus bonuses when the life insured is declared to be terminally ill and has less than 6 months to survive.
2. Premium payment and all attachable benefits will cease as a result.
3. The remaining 50% sum insured plus bonuses are paid out on the death of the life insured.

Attachable Benefits
Increase the value of your life cover at minimal premium levels! Select one or more or all of the following attachable benefits:

• Accidental Death Benefit

This benefit provides an additional sum insured to your Bula Life plan and is paid out if the life insured dies in an accident.

•  Total and Permanent Disability Benefit

Provides for an advance payment if the life insured becomes "totally and permanently disabled" and is unable to work ever again as a result.

• Waiver of Premium for Death and Disability

Future premiums payable on the Bula Life will be waived on the waiver life's death or total and permanent disability.

• Term Life

Additional cover payable on the death of the life insured. The cover can also be converted to any other permanent plan.

• Critical Illness

Provides for an advance payment in the event that the life insured is diagnosed to be suffering from a defined Critical Illness.

Additional Benefits
More benefits provided by your Bula Life policy:

• Cash Value: Bula Life accumulates a cash value once your policy is in force for 2 years and 2 years premiums are fully paid.There are options to utilise this cash value if your needs change over time.
• Loan Value: Once your policy is in force for 2 years and 2 years premiums are fully paid, you may take a loan on your policy at an interest rate applicable at that time and the loan value is $100 or more.
• Conversion Option: Bula Life can be converted to a Bula Saver Flexi plan. You can convert this plan to a combined savings and protection that matures at the end of the new policy term or pay out on death.

How to apply
Click here to download a Life Insurance Application form or call 132 888 and contact your Life & Health Insurance Agent. Alternatively,you can also click here to contact or visit your nearest Life & Health Insurance Sales Office.

NOTE: Information in this web page is not legally binding. All details however are outlined in the Insurance Policy Document.