Old Mutual

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OLD MUTUAL FUNERAL VALUE-ADD

Money Back Guarantee

Old Mutual offers a money back guarantee if the insured person dies due to causes other than an accident or suicide within the first six months from the date of application or date on which the person was added as an insured person under the plan.

Premium Holiday

Old Mutual offers a premium holiday which allows you to miss up to six premiums over the lifetime of your plan, while the cover remains active. You may pay some or all of the missed premiums to make use of the same number of premium holidays again in the future.

FUNERAL PLANS OFFERED

Up to R50 000 cover for individuals, single adult family, family and parents as well as up to R30 000 for extended family members (age dependent).

  • Premiums start from R26 per person p/m for R5 000 cover (age dependent)
  • Entry age (policyholder): 18 - 65 years old
  • Max entry age (parent and extended family): 84 years old
  • Max entry age (family): 20 years old (child), 25 years old (full-time students), spouses have no maximum age requirement

The Care Plan offers the following benefits:

01 Money Back Guarantee:

Old Mutual offers a money back guarantee if the insured person dies due to causes other than an accident or suicide within the first six months from the date of application or date on which the person was added as an insured person under the plan.

02 Premium Holiday

Old Mutual offers a premium holiday which allows you to miss up to six premiums over the lifetime of your plan, while the cover remains active. You may pay some or all of the missed premiums to make use of the same number of premium holidays again in the future.

Up to R70 000 cover for individuals, single adult family and family, R50 000 for parents and R30 000 for extended family members (age dependent).

  • Premiums start from R29 per person p/m for R5 000 cover (age dependent)
  • Entry age (policyholder): 18 - 65 years old
  • Max entry age (parent and extended family): 84 years old
  • Max entry age (family): 20 years old (child), 25 years old (full-time students), spouses have no maximum age requirement

The Standard Plan offers the following additional benefits:

01 Terminal Illness Benefit:

The Standard Plan offers a terminal illness benefit which pays out 50% of the cover that applies at the time if the insured per son is diagnosed with a terminal illness and is expected to die within 12 months and the policy has been active for more than 10 years, with the remainder paid when the insured per son dies.

Grocery and Education Benefits (at an extra premium)

  • These benefits can be added (at an extra premium) to Single Adult and Family Funeral Plans. The insured person can be you or your spouse/ partner. The Grocery and Education benefits each pay 12 equal monthly payments to the recipient when the insured person dies.

Up to R70 000 cover for individuals, single adult family and family, R50 000 for parents, and R30 000 for extended family members (age dependent).

  • Premiums start from R36 per person p/m for R5 000 cover (age dependent)
  • Entry age (policyholder): 18 – 54 years old
  • Max entry age (parent and extended family): 84 years old
  • Max entry age (family): 20 years old (child), 25 years old (full-time students), spouses have no maximum age requirement

The Comprehensive+ Plan offers the following additional benefits:

01 Terminal Illness Benefit:

The Comprehensive+ Plan offers a terminal illness benefit which pays out 50% of the cover that applies at the time if the insured per son is diagnosed with a terminal illness and is expected to die within 12 months and the policy has been active for more than 10 years, with the remainder paid when the insured per son dies.

02 Double Accidental Cover

The Comprehensive+ Plan has double the cover: If the insured per son dies due to an accident, double the cover amount will be pai d for a valid claim. The double accidental cover applies to all insured persons except still born babies. Where the insured person is a child younger than 14, the cover will only be doubled up to the legal maximum.

04 Paid-Up Benefits

Death and Disability paid-up: If you die or we recognise your disability, premiums stop but the cover at the time continues. A 12-month waiting period applies for non-accidental death and non-accidental disability. Retirement paid-up: When you turn 65, premiums stop but cover at that time continues.

Grocery and Education Benefits (at an extra premium)

  • These benefits can be added (at an extra premium) to Single Adult and Family Funeral Plans. The insured person can be you or your spouse/ partner. The Grocery and Education benefits each pay 12 equal monthly payments to the recipient when the insured person dies.

Old Mutual Life Assurance Company (SA) Limited is a licensed FSP and Life Insurer. Ts and Cs Apply.