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

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.

  1. 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
  2. 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.
  3. Choose your add-ons such as Cashback or Premium Protection.
Mother, father and child
Consider these Life insurance optionsTake 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 to R2 million

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 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

Get limited cover without going for medical tests

Yes*

Add on cashback - get a percentage of your premiums paid every five years on the cashback anniversary.

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 to R2 million
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)

Add on cashback - get a percentage of your premiums paid every five years on the cashback anniversary.

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)

Add on cashback - get a percentage of your premiums paid every five years on the cashback anniversary.

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)

Add on cashback - get a percentage of your premiums paid every five years on the cashback anniversary.

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*

Add on cashback - get a percentage of your premiums paid every five years on the cashback anniversary.

* No medical tests are required for Old Mutual Protect Accidental Death cover up to the maximum cover amount

* 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.
Mother and child
    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.
    • 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
    • Cashback pays back a percentage of your premiums every five years on the cashback anniversary.

    • This benefit ensures that cover continues if the premium payer becomes disabled, impaired, is retrenched or dies.

    • 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.

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

      • If you stop paying premiums your 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.
      • As this product is not an investment, you will not receive your premiums back if you cancel it.