Old Mutual Funeral insurance
And because no two families are the same you get to customise your Funeral insurance. You choose the type of cover you need depending on who you want to insure, for example, cover for yourself, spouse/partner, children, parents, siblings, or other extended family members. Once you have chosen your cover you can add on extra benefits and features that you need.
- Choose your funeral cover. In this instance, Old Mutual Protect Family Funeral Cover (cover for yourself, spouse/partner, nominated children, dependent children or grandchildren) or Old Mutual Protect Extended Family Funeral Cover (cover for siblings, parents, in-laws and other family members like aunts, uncles, nieces, nephews and grandparents).
- Enrich your funeral cover by selecting optional benefits such as Monthly Grocery Benefit and/or Monthly Education Benefit (depending on the type of cover you choose) at an extra cost.
- Choose your add-ons, such as Double Accidental Benefit or Cashback.
Take a look at the types of cover available to you, the cover amounts, who you can cover and the many other benefits available.
Old Mutual Protect Family Funeral Cover
Old Mutual Protect Extended Family Funeral Cover
Who can you cover
Yourself
Up to 3 spouses/partners
Unlimited number of dependent biological, legally adopted, step children and grandchildren.
Up to 2 nominated children who live with and depend on you.
Up to 4 parents (biological, step, adoptive parents and parents in-law)
Up to 4 biological brothers or sisters
Up to 8 other family members
Cover amount*
Early accidental death cover for cover over R50 000**
Yes
No
Money back guarantee: Pays back the premiums received if the insured person dies from causes other than an accident during the waiting period
Yes
Yes
Premium holidays - skip up to six monthly premiums and still have cover
Yes
Yes
Choose if and how you want the cover and premium to increase
Yes
Yes
Double Accidental Benefit (extra cost) pays double the cover amount if the insured person dies in an accident*
Yes
Yes
Funeral Paid-up Benefit (extra cost) - ensures that you no longer pay premiums and cover continues if you become disabled, turn 64 or die
Yes
Yes
Monthly Grocery Benefit, Monthly Education Benefit (extra cost) or both: Provides payments for 12 months when the insured person dies.
Choose R1 000, R1 500 or R2 000 a month**
Yes
No
Cashback (extra cost) - get a percentage of your premiums paid back every five years on the cashback anniversary
Yes
Yes
Old Mutual Protect Family Funeral Cover
Benefits
Old Mutual Protect Extended Family Funeral Cover
Benefits
Who can you cover
Yourself
Up to 3 spouses/partners
Unlimited number of dependent biological, legally adopted, step children and grandchildren.
Up to 2 nominated children who live with and depend on you.
Cover amount*
Early accidental death cover for cover over R50 000**
Yes
Money back guarantee: Pays back the premiums received if the insured person dies from causes other than an accident during the waiting period
Yes
Premium holidays - skip up to six monthly premiums and still have cover
Yes
Choose if and how you want the cover and premium to increase
Yes
Double Accidental Benefit (extra cost) pays double the cover amount if the insured person dies in an accident*
Yes
Funeral Paid-up Benefit (extra cost) - ensures that you no longer pay premiums and cover continues if you become disabled, turn 64 or die
Yes
Monthly Grocery Benefit, Monthly Education Benefit (extra cost) or both: Provides payments for 12 months when the insured person dies.
Choose R1 000, R1 500 or R2 000 a month**
Yes
Cashback (extra cost) - get a percentage of your premiums paid back every five years on the cashback anniversary
Yes
Who can you cover
Up to 4 parents (biological, step, adoptive parents and parents in-law)
Up to 4 biological brothers or sisters
Up to 8 other family members
Cover amount*
Early accidental death cover for cover over R50 000**
No
Money back guarantee: Pays back the premiums received if the insured person dies from causes other than an accident during the waiting period
Yes
Premium holidays - skip up to six monthly premiums and still have cover
Yes
Choose if and how you want the cover and premium to increase
Yes
Double Accidental Benefit (extra cost) pays double the cover amount if the insured person dies in an accident*
Yes
Funeral Paid-up Benefit (extra cost) - ensures that you no longer pay premiums and cover continues if you become disabled, turn 64 or die
Yes
Monthly Grocery Benefit, Monthly Education Benefit (extra cost) or both: Provides payments for 12 months when the insured person dies.
Choose R1 000, R1 500 or R2 000 a month**
No
Cashback (extra cost) - get a percentage of your premiums paid back every five years on the cashback anniversary
Yes
** This benefit or feature is not available on cover for children
Old Mutual Protect lets you cover up to 22 family members and an unlimited number of dependent children.
Old Mutual Protect Family Funeral Cover amounts are:
For yourself and your spouse/partner: R5 000 to R100 000
For dependent children: R5 000 to R50 000
For nominated children: R5 000 to R50 000
Old Mutual Protect Extended Family Funeral Cover amounts for parents, siblings and other family members: R5 000 to R50 000
Note that legal limits apply for children younger than 14. If a child younger than 14 dies, we will not pay more than the legal limit.
Our products are available from your financial adviser. Unlike off-the-shelf products, our products are designed around what you personally need and what you can afford. Your adviser is best placed to help you build your customised cover. If you don't have an adviser, please call 0860 60 60 60 or find an adviser here.
These documents contain all the rules and disclosures related to the products and the benefits available on each. They are provided to you so that you can read all the information to make an informed decision about the products and whether you should apply for them or want to see all the information before you finalise your application. This is an indication of the contract you will receive if we accept your application but that contract will only include the benefits and options you have selected and we have accepted.
To download, click on the product name of the rules and disclosures you wish to see.
Family Funeral Cover PDF brochure - Cover for you, your spouse/partner, children, and grandchildren.
Extended Family Funeral PDF brochure - Cover for your siblings, parents, in-laws, and other family members like aunts, uncles, nieces, nephews, and grandparents.
Every 5 years, on the cashback anniversary, we will pay back 15% of all premiums received for the contract since the previous cashback anniversary and while cashback existed on your contract. Cashback will not be paid if the contract is not active on the cashback anniversary. Cashback would, on average, increase your premium by 12.5%.
These quick reads will help you learn more about funeral cover so that you can make the choices that are right for you.