Advisers need to be licensed to sell the Sanlam Immediate Life Cover product, which exists independently and specifically as a life insurance product on its own.
The All in One product, which is primarily a funeral product offered by Sanlam, currently has optional life cover - which is available to the principal life and spouse only. It is not an underwritten product and is part of the funeral cover offering, so no underwriting questions will need to be answered where this type of life cover is selected.
When a client’s application would have resulted in a "Decline" for the Sanlam Immediate Life Cover, I-Manage Pro will now automatically present the Life Cover benefit in the All in One product. If the cover amount exceeds R500,000, it will be capped at R500,000. This ensures that the client walks away with some form of cover, enhancing their experience and satisfaction.
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