Long Term and Short Term Insuarance
Discover comprehensive insurance solutions with Valueadd Brokerage.
We provide covers and fast claims extending from personal and family covers to household and property covers.
Our insurers include:
Sanlam, metropolitan and momentum, old mutual, Hollard, liberty life and Alexander Forbes.
Contact a broker today.
Long-Term Insurance (Life Assurance)
- Purpose:Â Protects against major life-changing events, long-term financial goals, income replacement, and estate planning.
- Duration:Â Lasts for many years, decades, or until maturity/death.
- Examples:Â Life insurance, funeral cover, disability, retirement investments, and medical insurance.
- Key Feature:Â Often includes savings or investment components (e.g., endowment policies).
Short-Term Insurance
- Purpose:Â Protects valuable assets and covers temporary risks to personal or commercial property.
- Duration:Â Short-term, often renewable on a month-to-month or annual basis.
- Examples:Â Motor vehicle insurance, household content insurance, fire cover, and travel insurance.
- Key Feature:Â Provides immediate, often smaller payouts in response to specific, sudden, or unforeseen events like accidents or thef