STANDARD FUNERAL
PLAN RANGE
Retail Mass Market
Broker Distribution
February 2014
An affordable funeral plan for you and your loved ones
THE VALUE+ FUNERAL PLAN RANGE
Individual Funeral Plan
Family Funeral Plan
Parents Funeral Plan
(maximum of four parents)
Extended Family Funeral Plan
(maximum of eight relatives)
1
F2014 RISK ASSURANCE BENEFIT RANGE
PRODUCT FEATURES AND BENEFITS
Minimum Premium:
R50.00 per month
Maximum Cover:
R20 000 (Individual, Family, Parents Funeral Plans)
R15 000 (Extended Funeral Plan) R20 000 (for add. spouse, son/daughter-in-law and
own child)
Premium Paying Term:
Whole of life – until death
Benefit Increases:
Annually increasing at 5.0%, but can vary. The cover increase will be equal to the
premium increase
Premium Increases:
Annually increasing premium at compound rate of 5.0%
Maximum Entry Ages:
Policyholder: age 65 lbd
Other Lives: age 84 lbd
Waiting Periods:
No waiting period applies for accidental death. 6 months for non-accidental causes
Money Back Guarantee:
If non-accidental death occurs in the first 6 months, a Benefit equal to the amount of
the monthly premiums received will be paid
Premium Holiday Benefit:
The Premium Holiday allows for up to six premiums to be skipped, during the term of
the policy. This benefit is available again to the client, on payment of the skipped
premiums
2
F2014 RISK ASSURANCE BENEFIT RANGE
PRODUCT FEATURES AND BENEFITS
Cash Back Benefit:
Cash back of 3 months’ premiums after every 60 premiums paid
Medical Underwriting:
No automatic medical testing. Health questions apply
Surrenders & Withdrawals:
Funeral plans do not acquire surrender values and no part withdrawals are
possible
Effective Date for Increases:
Both premium and cover increases are effective on the 1st July each year
(Subject to policy being in force for at least 6 months)
Cessions:
Funeral plans may not be ceded as security
Funeral Support Benefit:
Transport of the deceased by road or air from anywhere in the world to a
funeral home closest to the burial
3
F2014 RISK ASSURANCE BENEFIT RANGE
24 HOUR FAMILY SUPPORT SERVICES
Access to the following Family Support Services* from independent service providers:
Health support*:
Telephone access to health advisers for assistance with health
queries.
Trauma, assault and HIV treatment*:
Assistance and treatment following assault (e.g. rape, hijacking,
child abuse), accidental exposure to HIV or other kinds of
trauma.
Emergency medical response*:
Advice, emergency treatment and transportation to an
appropriate medical facility.
Legal support*:
Free telephone advice and assistance on legal matters, help with
legal documents.
Important note:
*Family Support Services - Certain terms and conditions apply to the facilitation of this access. For a copy of these, call 0860 00 1919.
Old Mutual facilitates access to independent Family Support Service providers. Such access is not offered as a benefit under your insurance policy
and may be varied or cancelled at any time. The service providers provide services directly to you on terms agreed between you and the service
providers. Old Mutual does not accept any liability arising from the services rendered by the service providers.
4
F2014 RISK ASSURANCE BENEFIT RANGE
VALUE+ FUNERAL PLAN RANGE
R30 k
R15 k
R10 k
R7.5 k
R5 k
Waiting period 6 months
for non-accidental death
R20 k
Annually increasing
at 5%, but can vary
Money-back Guarantee
in waiting period
R25 k
6 premium skips
at any time
6 month
5
F2014 RISK ASSURANCE BENEFIT RANGE
Cash-back of 3 months premiums after every 60 premiums
5 years
10 years
15 years
THANK YOU
Old Mutual is a Licensed Financial Service Provider