Old Mutual Funeral Cover Prices, Quotes & Contact Details

Key Points

• Research suggests Old Mutual Funeral Cover in South Africa is worth considering for financial protection during funerals.
• It offers coverage from R5,000 to R100,000, with premiums starting at R26 monthly, fitting various budgets.
• Benefits include quick claims (within 24 hours), no medical tests for lower coverage, and extra support like grocery payments.
• The evidence leans toward it being helpful for families, but ensure premiums fit your budget and read policy terms carefully.

Coverage and Costs

Old Mutual Funeral Cover pays out a lump sum when an insured person dies, helping with costs like catering, coffins, and transport. You can choose coverage from R5,000 to R100,000. Premiums start as low as R26 per month, depending on the plan and who you cover. For example, the EasiPlus Plan starts at R37 for coverage from R10,000 to R70,000, covering you, your spouse, and extended family.

This affordability makes it accessible, but remember, premiums may increase yearly, so check if you can keep up with payments.

Benefits and Features

The cover has several benefits that might surprise you, like no medical tests needed for coverage up to R50,000, making it easy to sign up. Claims are processed quickly, often within 24 hours, or 2 hours if you have an Old Mutual Money Account. Some plans offer extra support, such as R2,000 monthly for groceries or education for 12 months after death. You can also take a premium holiday, skipping up to 6 payments during financial hardship, and there’s a money-back guarantee if someone dies from non-accidental causes during the waiting period.

These features can ease the burden on your family, but ensure the plan fits your needs, as benefits vary by plan.

Practical Examples

Imagine you get R50,000 cover for you and your spouse, paying R100 monthly. If you pass away, your family gets R50,000 for the funeral, avoiding debt. Or, with the Comprehensive+ Plan at R70,000, they also get R2,000 monthly for a year to help with living costs. These examples show how it can provide both immediate and ongoing support.

Is It Worth It?

It seems likely that Old Mutual Funeral Cover is worth buying if you want to protect your family from funeral costs, especially with affordable premiums and quick payouts. However, consider your budget and read the policy terms, as there may be waiting periods or exclusions. If you’re unsure, contact Old Mutual for advice tailored to your situation.

Comprehensive Report on Old Mutual Funeral Cover in South Africa

This report dives deep into Old Mutual Funeral Cover, exploring its features, benefits, and whether it’s a good fit for you. It’s written in a friendly, down-to-earth tone, suitable for a 7th-grade reading level, with short sentences and paragraphs for easy reading. We’ll cover everything from what it is to practical examples and contact details, helping you decide if it’s worth buying.

What is Old Mutual Funeral Cover?

Funeral cover is a type of insurance that pays for funeral expenses when someone passes away. Old Mutual, a well-known financial services company in South Africa, offers funeral cover plans to help ease the financial burden on families. The policy pays out a lump sum when an insured person dies, which can be used for costs like catering, venue hire, coffins, tombstones, transport, and other funeral-related expenses. You can get cover for yourself, your spouse, children, parents, in-laws, and even extended family members like siblings or aunts.

Old Mutual has been around since 1845, making it a trusted name in South Africa. Their funeral cover is designed to give you peace of mind, ensuring your loved ones aren’t left struggling with bills during a tough time.

Benefits of Old Mutual Funeral Cover

There are several reasons why Old Mutual Funeral Cover might be a good choice for you:

• Financial Assistance: The policy pays out a set amount, ranging from R5,000 to R100,000, to cover funeral costs. This means your family won’t have to go into debt to give you a proper send-off. For example, if you choose R50,000 cover, they get that amount to pay for everything, no questions asked.
• No Medical Tests for Lower Coverage: If you want coverage up to R50,000, you don’t need a medical exam. This makes it quick and easy to sign up, especially if you’re healthy or don’t want the hassle.
• Quick Claims Processing: Old Mutual aims to pay valid claims within 24 hours. If you have an Old Mutual Money Account, it can be even faster—sometimes in just 2 hours. This speed can help your family plan the funeral without delays.
• Additional Benefits: Some plans let you add extra support for your family. For instance, you can get a Monthly Grocery Benefit or Monthly Education Benefit, which pays up to R2,000 per month for 12 months after you pass away. This helps with living expenses while your estate is settled.
• Premium Holiday: If you’re facing financial difficulty, like losing your job or going on maternity leave, you can skip up to 6 premium payments without losing your cover. This flexibility is great if your income changes.
• Money Back Guarantee: If an insured person dies from causes other than an accident during the waiting period, Old Mutual will refund all the premiums you’ve paid. This is a safety net if something happens early on.

These benefits make Old Mutual Funeral Cover stand out, especially for families who want more than just basic funeral help.

Plan Options

Old Mutual offers different plans to fit various needs, so you can choose one that works for you:

• EasiPlus Funeral Plan: This plan is flexible and lets you cover yourself, your spouse, dependent children, parents, in-laws, and other relatives. Coverage starts at R10,000 and goes up to R70,000, with monthly premiums starting from R37. You can cover up to 15 members, which is great for big families. For example, if you want to include your parents and siblings, this plan might be perfect.
• Funeral Plan Range: This includes three plans—Care, Standard, and Comprehensive+. Each plan is designed for different needs, covering immediate and extended family members. The Comprehensive+ Plan, for instance, offers extra benefits like grocery and education support, while the Care Plan is more basic and cheaper. You can choose based on how much cover you need and who you want to include.

Each plan has its own features, so it’s worth looking at them to see which fits your budget and family size.

Coverage Amounts and Premiums

• Coverage: You can choose how much cover you want, from R5,000 to R100,000. This range means you can get just enough for a simple funeral or more for a larger send-off. For example, if you think your funeral will cost R30,000, you can get cover for that amount.
• Premiums: Monthly payments start as low as R26, depending on the plan and the number of people covered. For the EasiPlus Plan, premiums start at R37, and they can go up based on who you include and how much cover you want. Premiums may increase every year on July 1, but you can choose not to increase them, though your cover might reduce if you do.

This affordability makes it accessible for many people, but make sure you can afford the payments long-term.

Practical Examples

Let’s look at how Old Mutual Funeral Cover might work in real life to help you decide if it’s right for you:

• Example 1: You and your spouse get R50,000 of cover under the EasiPlus Plan. Your monthly premium might be around R100. If you pass away, your family gets R50,000 to pay for your funeral. They can use it for a coffin, catering, and transport, without worrying about the cost. This takes the stress off them during a hard time.
• Example 2: You choose the Comprehensive+ Plan with R70,000 cover, and you add the Monthly Grocery Benefit. Your premium might be higher, say R150 per month. If you die, your family gets R70,000 for the funeral and R2,000 per month for 12 months to help with groceries. This extra support can make a big difference while they adjust to life without you.

These examples show how funeral cover can provide both immediate help for the funeral and ongoing support for your family.

Contact Details

If you have questions or want to learn more, here’s how to get in touch with Old Mutual:

You can call them, email, or visit their website to get a quote or ask about specific plans. They’re open during business hours, so you can reach out when it’s convenient for you.

Is It Worth Buying?

Deciding if Old Mutual Funeral Cover is worth it depends on your situation. Here are some things to think about:

• Why You Might Need It: Funerals can be expensive, and many families in South Africa don’t have savings to cover the costs. Funeral cover ensures your family isn’t left with debt. For example, a simple funeral might cost R20,000, and without cover, your family might have to borrow money or cut corners. With Old Mutual, they get the payout to handle it all.
• Affordable Premiums: Starting at R26 per month, it’s affordable for most people. This low cost means you can protect your family without breaking the bank.
• Extra Benefits: The option to add grocery or education support is a bonus. It’s not just about the funeral—it’s about helping your family after you’re gone, which might be unexpected for some people.
• Quick Payouts: Knowing claims are paid quickly, often within 24 hours, gives you peace of mind. This speed can make planning easier for your family.

But there are also things to consider:

• Your Budget: Make sure you can afford the monthly premiums. If you can’t, the cover won’t help. For example, if you choose a higher coverage like R100,000, your premium will be higher, so check if it fits your income.
• Read the Fine Print: Check the policy terms for waiting periods or exclusions. For instance, if someone dies from an accident during the waiting period, you might not get the full payout, just the premiums back.
• Compare Options: You might want to look at other funeral cover providers to see if they offer better deals. Old Mutual is well-known, but it’s good to compare.

In the end, if you want to protect your family from funeral costs and can afford the premiums, Old Mutual Funeral Cover seems like a solid choice. It’s especially helpful for big families or those who want extra support like grocery payments. But take your time to understand the plans and make sure they fit your needs. You can always call Old Mutual at 0860 93 94 93 or visit their website for more details.

Key Citations

• Old Mutual Funeral Cover comprehensive options in South Africa
• InsuranceFundi Old Mutual Family Funeral Insurance detailed benefits
• Likemoney.co.za Old Mutual Funeral Cover plan comparison
• Old Mutual official funeral solutions page