The Education Plan is designed to provide an affordable vehicle for long-term savings to provide a tax-free cash lump sum, to enable provision to be made for the child’s higher education.
Minimum Premium:
Minimum Term:
Maximum Term:
API:
R155 years R175.00 (with premium waiver benefit)
10 years
Lesser of 20 years or NRA – age
Automatic Premium Increase (API) is effective each year on the 1st July. The client can switch off the API in any given year, if the client is unable to pay the increased premium for that particular year. The premium escalation will automatically revert back for the policy in the following year.
Proposer’s Risk: On death or disability of policyholder within the first ten years, a lump sum equal to the balance of the ten years’ premiums will be paid into the policy - to ensure funds are still available to the child on maturity, as previously planned.
Withdrawal Option first 5 years
Monthly Premiums
Withdrawal Option after 5-year interval
Savings
Savings term (min. 10yrs)
1
F2014 SAVINGS BENEFIT RANGE
Maturity lump sum
(where no tax is due)

Surrenders:
Paid-ups:
Death/Disability:*
(Policyholder)
The Plan has a surrender value available immediately
The Plan has a paid-up value available
Withdrawals: One part-withdrawal will be available within the first 5 years of the policy term, and then at 5-yearly intervals thereafter. The period between any partwithdrawals must also be at least 5 years
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
Waiting Periods:* The Education Plan carries the normal six months waiting period, from application date, in respect of death or disability from causes other than accidental
For death or disablement as a result of an accident, no waiting period will apply
In the event of the policyholder’s death or disability within the first 10 years (but after the waiting period for non-accidental causes), the policy will be made paid-up and a lump sum benefit equivalent to the balance of the outstanding premiums for the first 10 years will be added to the client’s fund - which will become payable at the end of the selected policy term.
* Only applicable to the Premium Waiver Benefit
2
F2014 SAVINGS BENEFIT RANGE

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*:
Legal support*:
Advice, emergency treatment and transportation to an appropriate medical facility
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.
3
F2014 SAVINGS BENEFIT RANGE

Old Mutual is a Licensed Financial Service Provider