| Main benefit |
Why buy this plan? |
To provide your family with money on your death to help them cope financially. |
To help you financially should you become disabled OR to provide your family with money on your death. |
To help you financially should you become disabled due to an accident OR to provide your family with money on your accidental death. |
| When does it pay out? |
When the benefit is due. |
Only on death. |
Pays out on death or disability. |
Pays out on accidental death or accidental disability. |
| Minimum benefit |
The lowest amount of benefit for which Old Mutual cover each life. |
R50 000 |
R50 000 |
R50 000 |
| Maximum benefit |
The highest amount of benefit for which Old Mutual cover each life. |
R500 000 |
R500 000 |
R250 000 |
| Benefit increase |
The amount by which the benefit will increase annually. |
The benefit will increase annually at 5%. |
The benefit will increase annually at 5%. |
The benefit will increase annually at 5%. |
| Premium increase |
The amount by which the premiums will increase annually. |
Premiums will increase annually at a rate set by Old Mutual, initially targeting 5%. |
Premiums will increase annually at a rate set by Old Mutual, initially targeting 5%. |
Premiums will increase annually at a rate set by Old Mutual, initially targeting 5%. |
| Income assistance benefit |
The benefit that will be paid out upon your death. |
10% of the benefit is paid out within 48 hours, subject to the waiting period and a maximum payout of R50 000. |
10% of the benefit is paid out within 48 hours, subject to the waiting period and a maximum payout of R50 000. |
No benefit. |
| Terminal illness benefit |
The benefit you will receive if diagnosed with a medical condition which will result in your death within 12 months. |
50% of the benefit is paid out if you are expected to die within 12 months (and the policy has been in force for a minimum of 5 years).
The remaining benefit is paid out upon your death. |
50% of the benefit is paid out if you are expected to die within 12 months (and the policy has been in force for a minimum of 5 years).
The remaining benefit is paid out upon your death / disability. |
No benefit. |
| Accidental death |
The benefit you will receive upon accidental death. |
100% of benefit
paid from date of application. |
100% of benefit
paid from date of application. |
100% of benefit
paid from date of application. |
| Accidental disability |
The benefit you will receive if accidentally disabled. |
No benefit |
100% of benefit
paid from date of application. |
100% of benefit
paid from date of application. |
| Natural death |
The Benefit you will receive on death from non-accidental causes. |
0 to less than 6 months - benefit amount equal to all premiums paid in respect of the benefit.
6 to less than 12 months - 50% of current benefit.
12+ months - 100% current benefit. |
0 to less than 6 months - benefit amount equal to all premiums paid in respect of the benefit.
6 to less than 12 months - 50% of current benefit.
12+ months - 100% current benefit. |
Benefit equal to the amount of monthly premiums received will be paid. |
| Natural disability |
The benefit you will receive on disability from non-accidental causes. |
No benefit. |
0 to less than 6 months - benefit amount equal to all premiums paid in respect of the benefit.
6 to less than 12 months - 50% of current benefit.
12+ months - 100% current benefit. |
Benefit equal to the amount of monthly premiums received will be paid. |
| Money back guarantee (Premium back) |
At least get your money back on any valid claim. |
Yes |
Yes |
Yes |
| Premium holiday |
Miss up to 6 premiums during the life of the plan and still be covered. |
Yes |
Yes |
Yes |
| Start again benefit |
If your policy is cancelled, it may be restarted under certain conditions (refer to policy documents for further information). |
Yes |
Yes |
Yes |
| Cash back benefit |
Cash back every 5 years, provided you are still paying premiums. |
No benefit. |
No benefit. |
Benefit equals 5 monthly premiums. |