Ancillary - Altrisk - for life

By: Altrisk  11-11-2011

Ancillary benefits are not free-standing benefits. Rather, they support the main standalone benefits on a policy. These benefits provide valuable, additional cover with little or no additional underwriting needed.

We offer 3 ancillary benefits:

  • Guaranteed Insurability
  • Crisis Waiver
  • Flexible Cover

All 3 of these benefits offer:

  • 2 guarantee periods: fixed (15 years) and experience rated (annually reviewable)
  • Voluntary escalations of 0%-15% (premium and benefit)
  • Minimum entry ages of 18
  • Maximum entry ages of either 55 or 60

Benefits in this range:

Other products and services from Altrisk


Critical Illness Benefits - Altrisk

Critical illness insurance is exactly that – insurance that offers cover to the life insured should they develop or contract a critical illness. Because people don't always know what's lurking in their family trees, and many critical illnesses are actually inherited. Guarantee periods: fixed and experience rated. Payout options: maximum or severity based. A minimum entry age of 18.


Disability benefits - Altrisk - for life

Think about it, if a family only had one breadwinner or needed both parents’ salaries just to survive, what would happen if that breadwinner or one of those parents could no longer work anymore. Disability insurance can also assist the policyholder with their business assurance needs in various situations such as on a buy and sell policy or a key man policy.


Income replacements - Altrisk - for life

Income replacement is designed to assist employed and self-employed individuals to stay afloat should they become temporarily or permanently disabled due to accident or illness and, as a result, are unable to work in their own or a similar occupation. For self-employed individuals we have a Business Overhead Protector which can pay a monthly income benefit for 12 months.


Specialists - Altrisk - for life

Specialist benefits are those products that generally fall outside the normal range of benefits we offer.


Guaranteed Insurability - Altrisk - for life

Our Guaranteed Insurability benefit allows the insured to increase the life, critical illness, disability and impairment cover on their policy with little or no underwriting necessary. The future increases in cover can be taken as either an increase to the base policy or as a new standalone policy. During life changing events: by up to 25% of the available guaranteed insurability amount.