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What is Buy and Sell insurance?

Have you ever considered what would happen if you or your business partner became disabled, impaired or died? Your estate could be left exposed, or a portion of the business could be passed on to someone who has no interest or experience in it. Old Mutual Protect Business Life Cover pays a single tax free amount, starting from R100 000, which allows business owners to buy the share of the deceased owner. Not only can you protect your business from the impact of death, but also from that of disability or impairment. Buy and Sell insurance ensures that the business is retained and the family who inherits the share receives their full value.
How does it work?

With the help of your financial adviser, you can build cover that's right for you, following these three steps:

  • Choose your cover - in this instance Old Mutual Protect Business Life Cover.
  • Enrich your cover by paying extra to add on benefits such as Old Mutual Protect Business Disability Cover or Old Mutual Protect Business Functional Impairment Cover.
  • Choose your add-ons. If you selected Old Mutual Protect Business Disability Cover in step 2 then you can add on an Own Occupation Benefit. It pays a single amount if you're unable to do your own job.
    • Two business people    What are the extra benefits?

    Old Mutual Protect Business Disability Cover – pays a single amount of between R100 000 to R30 million if, because of an illness or injury, you become permanently disabled and can’t work or permanently impaired or can’t take care of yourself.

    Old Mutual Protect Business Functional Impairment Cover – pays a single amount between R100 000 to R30 million if, because of an illness or injury, you become permanently impaired or can’t take care of yourself.

    Two business women
    Why choose Old Mutual's Buy and Sell insurance?Because while it's designed for people, it's built for you.
    Learn more about Buy and Sell insuranceIf you'd like to learn more, please download our informative brochure.Our business protection offering

    A great range of products to protect your business and your people

    Need to know more about Old Mutual's Buy and Sell insurance?

    Take a look at some of the frequently asked questions below.

      Product ownership is based on a buy and sell agreement between all the business owners. The options available are:

      • Single owner – each product is owned by one of the business owners.
      • Multiple owners – each product is owned by two or more business owners.
      • Company owned – all products are owned by the business.

      Speak to your financial adviser to get cover. Unlike off-the-shelf products, ours are designed around what you personally need and want. Your adviser can help you build your customised cover. Should you not have an adviser please call us on 0860 60 60 60 or find an adviser here.

      Cover starts up to 30 days before the first premium is payable.

      • If you stop paying premiums the cover stops. It's important to get in touch with your adviser before this happens so that he or she can assist you with possible solutions.
      • This product is not an investment if you cancel it, you won't receive any money.