Nedbank BondAbility

Nedbank`s BondAbility Home Loan Assurance buys you peace of mind. With Bondability you as a homeowner no longer need worry that you will lose your home should you fall ill or become disabled. And while it is not something we like to think about, we all want to be assured that our families will continue to have a roof over their heads if you were to die.

For a small monthly premium, BondAbility provides the homeowner this assurance by maintaining your monthly installments in the event of disability and illness and ensures that the family home remains exactly that in the event of death.

If you as homeowner are unable to earn an income for more than 90 days due to disability or illness, BondAbility, through its Instalment Protector Benefit, will continue to pay the monthly installments on your home loan. You are able to select the full benefit or, for a more affordable premium, cover for 24 months.

In case of death, BondAbility will pay a benefit equal to the specified cover amount. A further advantage of the Death Benefit is that any cover over and above the amount remaining on your home loan means extra cash for those unexpected expenses -- something you do not want to worry about in a time of crisis.

Another advantage of this product is the ease of application --- that means no medical and HIV testing. BondAbility is also extremely flexible and the level of security can be adjusted to accommodate any changes in your home loan. With BondAbility you will never have to worry that your financial resources will be jeopardized by an unpaid home loan.

All in all, BondAbility is all the insurance you will ever need.