No two people
are the same
So why should your life insurance be?
Introducing cover that's built just for you.

What is Life Insurance?

Old Mutual's Life Insurance is cover that pays a tax free single amount starting from R100 000 or a monthly payment from R3 000 when you die. Your loved ones can use the pay-out to cover expenses, such as a home loan, estate duty, ongoing living expenses or education costs.

And because no two people are the same, you get to choose the type of cover you need. You can even personalise it by adding Disability or Illness Insurance to it, as well as extra benefits and features.
How does it work?

Choosing the right cover doesn’t have to be daunting. With the help of your adviser, you just need to follow these three quick and easy steps.

  • Choose your cover. In this instance Old Mutual Protect Life Cover, Old Mutual Protect Life Income Cover, Old Mutual Protect Last Survivor Cover or Old Mutual Protect Accidental Death Cover
  • Enrich your cover by adding Disability or Illness insurance to it and any allowable extra benefits like the Child Illness Benefit or Own Occupation Benefit.
  • Choose your add-ons such as Cashback or Premium Protection.
  • A young people spend quality time together at home.
    Consider these Life Insurance options

    Take a look at the different types of cover available and the various ways to tailor your cover amount and benefits to meet your unique needs.

    Cover amount
    Old Mutual Protect Life Cover
    From R100 000 and limited to what you qualify for
    Old Mutual Protect Life Income Cover
    From R3 000 and limited to what you qualify for
    Old Mutual Protect Last Survivor Cover
    From R100 000 and limited to what you qualify for
    Old Mutual Protect Accidental Death Cover
    From R100 000 and limited to what you qualify for

    Type of payout

    Single payment

    Monthly payment

    Single payment

    Single payment

    Cover amount is paid if the insured person is diagnosed with a terminal illness and has less than 12 months to live

    Decide if and how cover and premiums will increase

    Add on Disability insurance, Illness insurance or both

    Add on Premium Protection to ensure that premiums are no longer payable and cover continues if the premium payer becomes disabled, impaired, is retrenched or dies

    Get limited cover without going for medical tests

    Yes*

    Old Mutual Protect Life Cover
    From R100 000 and limited to what you qualify for
    Features
    Old Mutual Protect Life Income Cover
    From R3 000 and limited to what you qualify for
    Features
    Features
    Old Mutual Protect Last Survivor Cover
    From R100 000 and limited to what you qualify for
    Features
    Features
    Old Mutual Protect Accidental Death Cover
    From R100 000 and limited to what you qualify for
    Features

    Type of payout

    Single payment

    Cover amount is paid if the insured person is diagnosed with a terminal illness and have less than 12 months to live

    Decide if and how you want your cover and premium to increase

    Add on Disability insurance, Illness insurance or both

    Add on Premium Protection to ensure that premiums are no longer payable and cover continues if the premium payer becomes disabled, impaired, is retrenched or dies

    No medical tests for cover up to R3 million (single amount) or R10 000 (monthly payment)

    Type of payout

    Monthly payment

    Cover amount is paid if the insured person is diagnosed with a terminal illness and have less than 12 months to live

    Decide if and how you want your cover and premium to increase

    Add on Disability insurance, Illness insurance or both

    Add on Premium Protection to ensure that premiums are no longer payable and cover continues if the premium payer becomes disabled, impaired, is retrenched or dies

    No medical tests for cover up to R3 million (single amount) or R10 000 (monthly payment)

    Type of payout

    Single payment

    Cover amount is paid if the insured person is diagnosed with a terminal illness and have less than 12 months to live

    Decide if and how you want your cover and premium to increase

    Add on Disability insurance, Illness insurance or both

    Add on Premium Protection to ensure that premiums are no longer payable and cover continues if the premium payer becomes disabled, impaired, is retrenched or dies

    No medical tests for cover up to R3 million (single amount) or R10 000 (monthly payment)

    Type of payout

    Single payment

    Cover amount is paid if the insured person is diagnosed with a terminal illness and have less than 12 months to live

    Decide if and how you want your cover and premium to increase

    Add on Disability insurance, Illness insurance or both

    Add on Premium Protection to ensure that premiums are no longer payable and cover continues if the premium payer becomes disabled, impaired, is retrenched or dies

    No medical tests for cover up to R3 million (single amount) or R10 000 (monthly payment)

    Yes*

    * No medical tests are required for Old Mutual Protect Accidental Death Cover up to the maximum cover amount
    Life Insurance options in a nutshell
    • Old Mutual Protect Life Cover pays a single amount starting from R100 000 or a monthly payment from R3 000 when you die.
    • Old Mutual Protect Life Income Cover pays a monthly tax free amount during the term you've chosen when the insured person dies.
    • Old Mutual Protect  Last Survivor Cover pays a single tax free amount when the last of the two insured persons die or is diagnosed with a terminal illness and has less than 12 months to live.
    • Old Mutual Protect Accidental Death Cover pays a single tax free amount if you die because of an accident.
    • Your choice of add-ons with these options are Cashback or Premium Protection.
    A mother hugs her son at home in South Africa.
    Why choose Old Mutual's Life Insurance?Because while it's designed for people, it's built for you.
    Learn more about Old Mutual Life InsuranceIf you'd like to learn more, please download our informative brochure.
    Need to know more about Old Mutual's Life Insurance?Take a look at some of the frequently asked questions below.

      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.

      Life Cover - Pays a single amount when you die or are diagnosed with a terminal illness.

      Life Income Cover - Pays a monthly amount for a specific term when you die.

      Last Survivor Cover - Pays a single amount when the last of the two insured people dies or is diagnosed with a terminal illness.

      Accidental Death Cover - Pays a single amount if you die because of an accident.

      Yes, you do. Your premium may be more affordable if you add these products to your Old Mutual Protect Life Cover rather than buying them separately. It is important to note that any claims we pay on the added cover will reduce the cover amount on your Old Mutual Protect Life Cover. Buying this cover separately and claiming from it will not reduce the cover amount on your Old Mutual Protect Life Cover but you'll pay a separate premium for both products.

      Our Life insurance products are available from your financial adviser. Unlike off-the-shelf products, our products are designed around what you need and what you can afford. Your adviser can help you build your customised cover. If you don't have an adviser please call us on 0860 60 60 60 or find an adviser here.

      You have the option to get the following cover by simply answering a few questions about your health and lifestyle:

      • Old Mutual Protect Life Cover of up to R3 million
      • Old Mutual Protect Life Income Cover of up to R10 000 monthly
      • Old Mutual Protect Last Survivor Cover of up to R1 million
      • Old Mutual Protect Accidental Death Cover up to the maximum cover amount of R2 million

      If you would like to apply for more cover and don't want to be limited to the cover options listed above then you will need to go for medical tests and share the medical reports with us.

      Accidental death is death resulting from an accident such as a car accident or drowning. Non-accidental death is death by natural causes such as illness or old age. Suicide is also considered as a non-accidental death.

      You're covered up to 30 days before your first premium is payable.

      • If you stop paying premiums your cover stops (unless you have Premium Protection in which case payment of premiums will continue under certain conditions). It's important to get in touch with your adviser before this happens so that he or she can assist you with possible solutions.
      • As this product is not an investment, you will not receive your premiums back if you cancel it.