Old Mutual Family Funeral Insurance
Old Mutual Protect lets you cover up to 22 family members and an unlimited number of dependent children.
- You can get cover of R50 000 which goes up to R100 000 if you answer a few health and lifestyle questions and are healthy.
- You get up to 30 days’ cover before you even pay your first premium.
- Your claims are paid out as a single amount and are completely tax-free. Old Mutual aims to pay valid claims within 24 hours or in the event that you have an Old Mutual Money Account, within 2 hours if all requirements are met.
- You can also add a cashback benefit to your policy so you get money back every 5 years on the cashback anniversary.
- You can take a 6-month premium holiday if you need to.
- You can add a Double Accidental Death benefit to your policy. So if you pass away in an accident, your beneficiaries will receive double the amount you were covered for.
- If you add a Monthly Grocery benefit or a Monthly Education benefit, we will pay up to R2 000 per month out to your beneficiaries for 12 months after you die, so that they can pay for groceries or education costs while your estate is being finalised.
- You also have the option to add a Funeral Paid-up benefit, so that if you become disabled, turn 64 or die, your premiums stop but your cover continues for your family.
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Disclaimer: Old Mutual Life Assurance Company (SA) Limited is a licensed FSP and Life Insurer.
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