Old Mutual Standard Plan Takes Care of Thousands of South Africans
October 14, 2016
It’s always devastating to lose a loved one. And during this emotional time, the family members and friends left behind shouldn’t have to worry about paying for the funeral. They should be spending their time grieving. They shouldn’t have to worry whether they will be able to give the deceased a proper, respectful funeral either. That is where having a Standard Plan from Old Mutual is vital. A funeral plan ensures that families have the cash they need when they need it. The Old Mutual Funeral Plans pay-out for all claims that are valid, at a time when your family desperately needs the money. In fact, Old Mutual pays out nearly R1 million worth of claims, every hour!
A Standard funeral plan ensures that families have the cash they need when they need it. The Old Mutual Funeral Plans pay-out for all claims that are valid, at a time when the money is so desperately needed. In fact, Old Mutual pays out nearly R1 million worth of claims, every hour!
Old Mutual has a range of funeral plans to suit every South African, including the Care Plan, the Standard Plan, and the Comprehensive+ Plan. In these plans, you can choose to cover yourself, as well as your partner or spouse, your parents and your children, and even your in-laws and other members of your extended family. If you are a single parent, then you can opt for the Single Adult Family cover, which lets single parents cover just themselves and their children without them coughing up extra for an absent spouse.
The plans are tailored to suit your family’s unique needs – you get to choose the cover that suits you.Significantly, the more cover you decide to invest in, the lower the cost. Old Mutual also offers a
few extra benefits to its Standard and Comprehensive+ plan holders, such as the Terminal Illness and Cash Back benefits. That is only applicable after you have been a member for 36 months.
New Standard Plan Benefits
The Education Benefit
This benefit pays out for as long as 12 months after the insured member has died; the money can be put towards educational expenses.
The Grocery Benefit
This benefit pays out for groceries for as long as 12 months after the insured member dies.
The More Cover Benefit
This benefit allows you to receive 10% extra cover – for the same price – when you purchase a Standard Plan, as long as you have R50 000 worth of cover, or more.
There is also the More4U benefit, which is available to funeral plan members at Old Mutual. This benefit provides value-adds for free, including treatment, help and support during the time of the funeral.
What do you get with the Old Mutual Standard Plan?
- A monthly premium of R42.
- Accidental death cover.
- Cover up to a maximum of R70 000.
- A money-back guarantee.
- A holiday from your premiums.
- A restart benefit.
- A cash-back benefit.
- A terminal illness benefit.
- Health and wellbeing support.
- Support for trauma, HIV, and assault.
- Support during the funeral.
- Ambulance response.
- Financial and legal advice.
- Support regarding education.
The Old Mutual Standard Plan will help take care of your family when you can’t. Make an investment now to ensure that you and your loved ones can be buried with respect.
All info was correct at time of publishing