FAIRTREE PRIVATE CLIENT offers an extensive platform of products from all the major insurance companies for:


  • Life Cover
  • Disability / Impairment
  • Severe Illness
  • Income Protection
  • Functional Impairment
  • Accident Cover

Our Product Providers

Frequently Asked Questions

What is the difference between approved and unapproved life cover?
 Approved Life CoverUnapproved Life Cover
Monthly premium payment

This is paid as part of retirement fund contributions. It is important that employees understand that only after this fee, as well as other fees, are deducted, their monthly contribution invested.

Monthly salary deduction.

Benefit payment

This is paid out according to Section 37C of the Pension Funds Act which provides for the allocation of your life cover in consideration of your factual and financial dependants.

In summary, think of it as follows: Any person (whether family members or other) whom you support financially up until the date of death, will be entitled to some part of your life cover per the extent of their dependency on you.

The beneficiary nomination form you fill out is essentially an expression of your wishes in terms of who is allocated all or part of your cover.

Paid out per the beneficiaries stated in the beneficiary nomination form of the insurer/employer. You, therefore, nominate who will benefit from the life cover payout.

Tax implications

The benefit is taxed on payout together with any retirement savings at date of death, based on the retirement tax table applicable at that point in time. Monthly premiums are deductible for tax purposes.

The benefit is tax-free on the payout. Monthly premiums are not deductible for tax purposes.

What is the difference between sickness benefit and temporary income?

Sickness benefit is superior to the temporary income protection benefit, as it requires no ‘proof of loss of income’. It is mostly for professionals or clients with at least a three-year degree. In South Africa, only PPS, Sanlam and Old Mutual provide a sickness benefit.

How do I choose the ‘waiting periods’ on sickness or temporary income benefits?

The most common waiting periods are 7 days, 14 days or 30 days. However, 3 months or more is also available.

We recommend that those who are self-employed should consider the 7-day or 14-day waiting periods.

Salaried personnel should be fine with a 14- or 30-day waiting period as there is, in most cases, sick leave and vacation leave which is covered by the employer, that can cover the income for a short period.

What is the difference between term risk benefits and whole life risk benefits?

Term risk benefits will cover for a predetermined period, whereas whole life risk benefits will cover for the life of the party.

How much more is a life cover premium for a smoker than for a non-smoker?

On average, smokers will typically pay between 15-20% higher premiums. However, another factor that will be considered is the parties age. For example, if the party is above 45 years old, one could expect an estimate of 100% higher premiums (double that of non-smokers).

“Because with us, it’s all about the journey.”

Fairtree Private Client (Pty) Ltd is an Authorised Financial Services Provider. (FSP 12179)