At McCarthy we understand how important it is for you to have peace of mind with your vehicle purchase.

Purchasing a vehicle is an important decision and as such it is important to protect you and your family should the unexpected happen. Bidvest McCarthy Auto Settlement and Life Elite ensures unforeseen circumstances do not result in you or your loved ones losing the use of your vehicle and protecting your financial wellbeing.

HOW IT WORKS

Your dealer will calculate a monthly premium for the options you qualify that allows you to protect you and your family in the event of the following:

Accident or Illness Resulting in Temporary Disability

Temporary disability through an accident or illness often results in a loss of income. It's this loss of income which might not only change your lifestyle but could result in you not being able to meet your monthly vehicle instalments. McCarthy Auto Settlement provides the solution by paying your vehicle instalments on your behalf for up to 6 months.

Retrenchment

In the event of retrenchment the policy pays your vehicle instalments for up to 4 months while you make provision to resume employment.

Sequestration/Liquidation

Bidvest McCarthy Auto Settlement protects you in the event of your business being liquidated, or you being sequestrated, and will pay your vehicle instalments for up to 4 months.

Accident or Illness Resulting in Temporary Disability

Temporary disability through an accident or illness often results in a loss of income. It's this loss of income which might not only change your lifestyle but could result in you not being able to meet your monthly vehicle installments. Bidvest McCarthy Auto Settlement provides the solution by paying your vehicle installments on your behalf for up to 6 months.

Dread Disease

Bidvest McCarthy Auto Settlement will settle the outstanding amount on your credit agreement in the event of you suffering from one of the listed 27 Dread Disease conditions. Some of the dread diseases include Cancer, Heart Attack, Stroke, Paralysis, Blindness, and Alzheimers.

Permanent Disability

Permanent Disability carries with it a tremendous financial burden and in such an event Bidvest McCarthy Auto Settlement settles your outstanding debt with the finance company.

Death Benefit

Bidvest McCarthy Auto Settlement will settle your outstanding debt with the finance company in the event of your death. This payment does not form part of your estate and is paid without any unnecessary delay. NB Life Elite does not provide the additional contained in the Auto Settlement Policies.

LIFE ELITE (Only available for Principal Debt above R 350 000)

Death Benefit

The Bidvest McCarthy Life Elite policy will settle your outstanding debt with the finance company in the event of your death. This payment does not form part of your estate and is paid without any unnecessary delay.

POLICY HIGHLIGHTS

• AUTO SETTLEMENT COVERS AGAINST TEMPORARY DISABILITY, RETRENCHMENT, SEQUESTRATION/LIQUIDATION, DREAD DISEASE, PERMANENT DISABILITY AND DEATH.
• NO MEDICAL REQUIRED.
• NO PREMIUM LOADING. YOUR PREMIUMS REMAIN THE SAME FOR THE DURATION OF YOUR CONTRACT.
• LIFE ELITE PROVIDES DEATH ONLY COVER ON THE INSURED LIFE (ONLY AVAILABLE ON A PRINCIPAL DEBT GREATER THAN R 350 000).

This document is only a guide and reference must be made to the actual Policy Wording before you purchase a policy, so that you fully understand the terms and conditions of what you are buying.