Paid up request t&c's

IMPORTANT NOTES

I understand that

• For certain benefits, I am required to pay a lump sum within the next 30 days before the plan can be made paid-up.
• I am aware that there will be a paid-up charge before the plan is made paid-up.
• A monthly paid-up charge will also apply on my Old Mutual Group Schemes paid-up plans.
• All paid-up charges are reviewable and may change.
• I understand that any paid up requests for Flexi policies, will only be acted on, on receipt of my signed quotation.
• I hereby absolve Old Mutual from any risk or liability resulting from the proceeds being deposited into an incorrect bank account in the event that I supplied the incorrect banking details.
• I understand that for GREENLIGHT policies, the cover will cease if the benefit is made paid-up.

FOR OLD MUTUAL GREENLIGHT ONLY

Non-payment of Premiums

If a premium has not been paid within thirty-one days of its due Date, your Benefit will cease, unless you have agreed with Old Mutual that Old Mutual will defer payment of premiums to a future date, and keep your Benefit in force up to that date.

If your Benefit ceases you may apply to have your Benefit revived. Certain terms may apply which Old Mutual will provide at the time. In the event of revival your Benefit will continue.

FOR OLD MUTUAL GROUP SCHEMES ONLY

I understand that the 2-IN-ONE SAVINGS PLAN consists of a Long and Short Term Pocket. I will not be able to make one Pocket paid-up without making the other Pocket paid-up. Both Pockets will be made paid-up. I also understand that, after the Pockets have been made paid-up, I may not make any more Savings Top-ups into the Short Term Pocket.

The Long Term Pocket is the portion of your 2-IN-ONE SAVINGS PLAN that aims to help you achieve your future, longer term financial goal (e.g. your children’s education or a deposit on a house). The value of the Long Term Pocket is the total of the Long Term Pocket premiums we have received, minus charges and part-withdrawals you have taken, plus bonuses and Savings Boosters.

The Short Term Pocket is the portion of your 2-IN-ONE SAVINGS PLAN that is available to you whenever you need money. The value of the Short Term Pocket is the total of the Short Term Pocket contributions we have received, plus or minus any increase or decrease in value due to investment growth, plus any Savings Top-ups, minus any part-withdrawals you have taken and minus all charges.

I, the undersigned, declare that the information provided in this document is complete and accurate.