Greenlight Final Expenses
The Final Expenses Benefit is a stand-alone benefit available through Greenlight
Risk Cover. Similar to the Comprehensive+ Funeral Cover, it provides the option
to cover yourself, your immediate and extended family.
The benefit provides accessible cash on the death of the life assured or
covered. This payout can be used to cover "final expenses" such as relatives
travelling to the funeral, clearing debts and the funeral itself.
Features and Benefits
The Final Expenses Benefit has numerous features and benefits. The distinct
difference between this option and the Comprehensive+ Funeral Cover is that the
"sponsor" must undergo medical testing. The benefits and features include:
- Choice: the range offers you the choice to include your partner, your biological
or legally adopted children and up to four extended family members, including
your parents.
- Swift payment: claims are generally paid within 48 hours.
- Automatic premium increase: to ensure your investment keeps pace with inflation
Final Expenses Benefit has a Compulsory Annual Premium Increase facility.
- Minimum entry age – the minimum entry age (excepting for the child or nominated
child benefit) is 15.
- Sponsor: each of the Final Expenses Family Benefits must be sponsored. The
Sponsor is someone who has Greenlight Life Cover that has been fully
underwritten for a Greenlight Final Expenses or Death Benefit.
- Payout: the minimum payout depending on the benefit selected is N$5000 and the
maximum N$100 000.
- Payment frequency: You can opt to pay monthly or annual premiums via debit order
or monthly premiums via stop order.
Contact Us
If you are interested in the Greenlight Final Expenses Benefit please contact an
Old Mutual Personal Financial Adviser.
|