When to consider disability insurance

Ideally you want to take out disability, dread disease cover and/or income protection plan when you start earning a salary. This insurance is specifically designed to provide you with an income should you find yourself in a situation where you are unable to earn an income.

Why do I need disability and severe illness cover?

Think of all the things you are able to do right now. You can drive, work, walk, run, mountain bike, cook, climb stairs, read, and function comfortably and confidently in social situations.

Now imagine not being able to do any number of these things. Imagine losing your ability to move freely due to an injury that places you in a wheelchair, or silently deteriorating from the early onset of Alzheimer’s and being restricted to your home. A stroke can incapacitate you to the point that you need full time care and a critical illness such as cancer or heart disease can place an enormous financial burden on you and your family. Money cannot replace what you have lost, or give you back your health, but dread disease cover can ensure that you are able to afford recovery or high quality care and make the necessary adjustments to your home and car should you need to.

"Rather have it and not need it than need it and not have it." Warren Grosch, Old Mutual Financial Adviser, talking about Old Mutual Severe Illness Cover.

How much insurance cover do I need?

There are different types of long term insurance you can purchase which includes life and disability cover, occupational disability insurance, functional impairment cover, permanent and temporary disability cover and severe illness cover. Our online quote tool will give you an idea of how much you might need depending on your choices.

Get a disability insurance quote

Try our online insurance cover quote tool to calculate how much it costs to get the cover and benefits you need from comprehensive life and disability cover to severe illness cover.

"I wouldn't have had as much peace of mind financially as I did have if it wasn't for the policy." Tarryn Arendse, Old Mutual customer and breast cancer survivor, talking about Old Mutual Greenlight Severe Illness Cover.

Why Old Mutual?

We provide immediate cover. You’ll receive up to 30 days of cover before paying your first premium.

We pay what we promise. Old Mutual has paid 97% of all assessed claims in 2016.

We have been taking care of our customers for over 170 years. Choosing a brand that you can trust gives you peace of mind.

What we offer

We offer you a range of disability cover and severe illness cover options to suit your cover choice and pocket. We also offer income protection insurance in the form of retrenchment cover. Some options are available online, over the phone and via financial advisers. The table below gives a brief comparison of critical illness, life and disability insurance plans.

Disability Cover options

OPTION 1 OPTION 2 OPTION 3
GREENLIGHT
Disability Cover
Accidental Death
and Disability Plan
Life and
Disability Plan
Maximum cover R6 000 000 R250 000 R500 000
Is there a waiting period?
Can I miss up to 6 premiums for the policy duration?
Can I purchase over the phone?
Can I purchase via an adviser?
FIND AN ADVISER FIND AN ADVISER FIND AN ADVISER
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Severe Illness Cover options

OPTION 1 OPTION 2 OPTION 3
Elite Severe
Illness Cover
Premium Severe
Illness Cover
Essential Severe
Illness Cover
Illness cover 84 severe illnesses
16 mild illnesses
9 early diagnosed illnesses
84 severe illnesses
9 early diagnosed illnesses
68 severe illnesses
9 early diagnosed illnesses
Maximum cover R6 000 000 R6 000 000 R6 000 000
Available to HIV patients
Can I purchase over the phone?
Can I purchase via an adviser?
FIND AN ADVISER FIND AN ADVISER FIND AN ADVISER
READ MORE READ MORE READ MORE

Articles

Costs of living with a disability related article portal
Living with a disability
caring for someone with a disability related article image
Caring for someone with a disability
Different types of disability cover related article image
Different types of disability cover

Other financial needs you may want to consider:

Saving and Investing
For the future or something special
Learn more
Education
Saving for your children's education
Learn more
Retirement
Securing your future financially
Learn more
Life Cover and Insurance
Life insurance that offers peace of mind
Learn more
Funeral Cover
Covering unforeseen funeral costs
Learn more
Loans
Personal loans, debt consolidation
Learn more
Banking
Low-cost banking accounts
Learn more
Disability
Personalised disability & severe illness cover
Learn more
Short Term Insurance
Affordable car, home & valuables insurance
Learn more