There are not a lot of people that want to think about death, but usually, an individual will think about it and regret not having some plan when the time come that you have to bury a beloved. A funeral can be expensive (R7000 to R30 000 sometime more). The problem is that not everyone has this type of money out of their monthly budget to settle these expenses.
Old Mutual is one of the numerous companies that offer plans for you and your family against death.
You can choose to cover yourself, direct family or extended families like your mother or father. Most companies will accompany your requirements and give you the protection you need.
With Old Mutual the maximum starting amount is between R50 000 – R70 000 and they have offers available starting from R31/month.
They also have various plans to look at including an option for a single parent (you’re the primary member and your child). You can discuss all your requirements with them, and they can assist you with the plan that you need.
The Standard and Comprehensive offers you terminal illness and cash back advantages (after 36 paid premiums), as well as new benefits like groceries and education.
Then, there is a Greenlight Final Expenses option that offers you more. This cover will supply you with an amount of cover you bought, which you can use to pay the funeral and debt. It is a small life insurance that you buy.