MortgageMax’s associated company, BetterLife Distribution Services, offers an array of insurance products, whether it is cover for your building structure, your home contents or even your car – through us you can cater for your clients’ specific insurance needs:

Home Owner’s Cover (also known as Building Insurance) – The policy offered by BetterLife covers the physical structure of the home and its associated out-buildings. The home will be covered in the event of a fire, theft or storm to list a few.

Home Contents Insurance – This policy covers all the items inside the house that can be removed, including furniture, clothing, television sets and desktop computers (to cover items such as laptops when away from home, please see ‘portable possessions’ insurance).

Motor Vehicle Insurance – This policy provides insurance for all standard vehicles. Cover options include a comprehensive policy, a third party, fire-and-theft policy and a third-party only policy, depending on your clients’ needs.

Motorcycle Insurance – From a classic two-stroke to a Harley Davidson, we understand that every motorcycle is different, which is why it needs its own, tailored insurance solution.

4×4 Vehicle Insurance – 4x4s are exposed to risks, that a regular vehicle does not face. This policy is specifically designed for the particularly adventurous vehicle owner, with added cover for 4×4 accessories and spare wheels, to name a few.

Portable Possessions Insurance – Sunglasses, iPads, iPods, laptops and anything that you carry when you leave the house is considered a ‘portable possession’ and thus needs to be protected by a portable possessions insurance policy (also known as ‘specified’ or ‘all risk’ insurance).

Watercraft Policy – This policy will cover theft, loss or damages and caters for a variety of boats, including yachts, catamarans, dinghies, motor boats, rubber ducks and jet skis etc.

MortgageMax’s preferred choice for personal loans is DirectAxis, a specialist financial services company. Personal loans of up to R150 000 could allow your customers to cover the costs to secure their new home or for any other personal expenses.

How it works:

• Loan terms from 24 to 72 months
• Loan amounts from R5 000 to R150 000
• Fixed interest rate for the full term of the loan
• Max interest rate of 27.75%
• No penalties on early settlement
• Only individuals can apply for a personal loan
• A personal loan is an unsecured loan

Personal loan application requirements:

Applicants must:

• Be 18 years or older
• Have a valid SA ID
• Have a clear credit record
• Earn a minimum of R5 000 per month
• Have a bank account into which their salary is paid

Documentation Required:

• A clear copy of ID
• Proof of income in the form of 3 months’ payslips and/or bank statements
• Proof of residence not older than 3 months

Your customer’s security is important to us

• We are committed to the highest standards and business principles
• Personal loans are managed and administered by DirectAxis. DirectAxis is an authorised financial services provider with many years in the financial services industry. DirectAxis is fully compliant with the National Credit Act of 2005 and is a responsible lender.

BetterLife Protection Policy – Purchasing a home is probably one of the biggest investments your client will ever make. This is why it is so important to ensure that your client’s family doesn’t lose their home should something happen to him/her.

Provide your clients with peace of mind knowing that their loved ones will not have to struggle when the unforeseen happens. This policy ensures that your clients are protected in the event of their death, disability, dread disease or retrenchment. The BetterLife BetterLife Protection Plan offers your clients that all-important life cover for up to R2.2 million.

This policy offers the following benefits for the main insured or second insured (co-applicant of the bond):

• Death Cover – this benefit pays out a lump sum in the event of death.
• Optional Permanent Disability – lump sum payment to settle the bond in the event of total and permanent disability.
• Optional Temporary Disability – The Temporary Disability benefit provides a monthly payment equal to 1.2644% of the insured person’s permanent disability sum assured, should an insured person covered by this benefit suffer a Temporary Disability during the period of insurance, for up to nine months in the event of temporary disability, preventing you from earning your normal income.
• Optional Dread Disease – lump sum payment on diagnosis of a dread disease from our predefined list.
• Optional Retrenchment – The Temporary Disability benefit provides a monthly payment equal to 1.2644% of the insured person’s permanent disability sum assured, should an insured person covered by this benefit suffer a Temporary Disability during the period of insurance, for up to nine months in the event of temporary disability, preventing you from earning your normal income.

*All insurance products are offered by BetterLife Distribution Services Proprietary Limited, an authorised financial services provider (FSP Licence No. 24015). BetterLife Protection policies are underwritten by Old Mutual Alternative Risk Transfer Limited, a registered long-term insurer, and administered by IUA Business Solutions (PTY) Ltd, an authorised financial services provider (FSP No. 15737). Short-term insurance policies are underwritten and administered by Auto & General Insurance Company Limited, an authorised financial services provider (FSP Licence No. 16354).