Is your life
covered?Cover designed to help your family cope
financially when you pass away.

What is Old Mutual Life Plan?

The Life Plan is designed to help your family cope financially when you pass away. It could be used to replace lost income, cover an inheritance tax bill or to fund care for children or relatives. In return for paying premiums, Old Mutual will pay out the agreed lump sum – known as the 'sum assured' – if the ‘life assured’ (the person covered by the plan) dies.
How does it work?

Premiums are normally paid to Old Mutual on either a monthly or annual basis for a fixed period of time or in some cases, until death eventually occurs or upon reaching age 65. The cost of these plans varies according to your personal circumstances such as the age; previous medical history and whether you like a policy with a cashback option or not.

Old Mutual Life PlanWhat's in it for you?

When you are planning for the future, life insurance can provide the reassurance of financial protection for you and your family. The money provided can be used to pay off a mortgage, any outstanding debts, or support your dependents financially by providing them with a lump sum or a regular income if you die. It can also be placed in a trust for the beneficiaries of your estate and may be used to pay any Inheritance Tax that may be due on your death.

Old Mutual Life Plan
Why choose the Old Mutual Life Plan
Want to know more about Old Mutual Life Plan?If you want to know more, we have answered a few questions you might have. You can also visit our nearest branch or call + 263 (0) 4 308 400 to speak to a consultant.

    If you own a business, life insurance can provide a lump sum to help it through the tough times if you, or one of your key employees, were to die. Or, if you are a partner or shareholder in a business, it can provide the money needed to buy the share of the deceased partner or shareholder.

    If you apply for this option, you will be able to receive, in addition to your life cover, 50% of premiums paid in any five year period at the end of the period, if your policy is still active.