Life Plan
The Old Mutual Life Plan is life insurance. It pays out a sum of money in the
event of your death, earliest disability, or accidental death or disability
depending on which type of product you take should you become disabled. You
also get to choose the amount of cover. The rates are age banded and thus they
are affordable and attract young lives. No medical examinations (Accidental
Death & Disability Plan doesn’t even have health questions!).
Which plan suits you?
|
Features |
Care Plan Range |
Standard Funeral Plan |
Comprehensive+ Funeral Plan |
|
Lives covered |
Policyholder only |
Policyholder only |
Policyholder only |
|
Type of cover |
Life cover only |
Life and disability cover |
ACCIDENTAL life and disability cover |
|
Minimum monthly premium |
N$ 80 |
N$ 80 |
N$ 60 |
|
Monthly premium increase |
0% expected |
0% expected |
0% expected |
|
Maximum benefit |
N$ 150 000 (see note below) |
N$ 150 000 |
|
|
Benefit increase |
0% expected |
0% expected |
0% expected |
|
Paid-up benefit |
Yes - after 10 years (50%) |
Yes - after 10 years (50%) |
No |
|
Cash back benefit |
No |
No |
Yes (5 benefit premiums) |
|
Money back guarantee |
Yes |
Yes |
Yes |
|
Premium holiday |
Yes |
Yes |
Yes |
|
Stared again |
Yes |
Yes |
Yes |
Note: Maximum benefit = N$150 000 per life assured (combination of Term Plan,
Life Plan, Pure Life Plan and Life & Disability Plan)
Maximum benefit = N$150 000 per life assured (Accidental Death and Disability
Plan)
The total cover for all three benefits taken out can not exceed N$ 300 000
max
Employer cannot be a beneficiary
How to apply?
Contact your financial adviser or broker
Visit your nearest Old Mutual branch.
|