Funerals can be expensive. From the casket to catering, the cost can quickly become overwhelming, leaving families struggling to manage. Old Mutual Funeral Cover is designed to ease this burden. With a funeral policy, you pay a monthly premium, and when an insured person passes away, a lump sum is paid out. This payout helps with funeral costs, allowing your family to focus on honoring their loved one.
Benefits of Old Mutual Funeral Cover
- Comprehensive Coverage Options
Old Mutual offers flexibility, allowing you to choose the right plan for your needs:- Me & My Direct Family: This covers you, your spouse/partner, and your biological, step, or legally adopted children.
- My Parents & In-laws: You can cover up to four parents or in-laws.
- My Extended Family: Coverage for up to 10 members of your extended family, including siblings, grandparents, aunts, and uncles.
- High Cover Amounts
Old Mutual offers up to R100,000 in funeral cover. This ensures that regardless of the type of send-off you choose, financial assistance is available. - No Medical Tests Required
Getting approved for funeral cover is straightforward and hassle-free, with no medical tests required for approval. - Premium Holiday for Up to 6 Months
One unique feature of Old Mutual Funeral Cover is the premium holiday option. You can miss up to six monthly payments without losing your cover, ensuring that temporary financial difficulties don’t disrupt your policy. - Immediate Cover for Accidental Death
From the moment your policy is active, accidental death is covered, providing peace of mind in the event of sudden tragedies. - Money Back Guarantee During the Waiting Period
If a non-accidental death occurs within the six-month waiting period, Old Mutual will refund the premiums paid. This applies to deaths from causes other than accidents.
Premiums and Increases
Your premiums will increase annually on 1 July. However, your cover amount remains the same unless you choose to increase your premiums. If you opt not to increase them, your cover will decrease proportionally. Be sure to notify Old Mutual before the annual increase if you wish to avoid the automatic premium adjustment.
Flexible Policy Features
- Premium Holiday
Old Mutual allows you to miss premiums without the risk of policy cancellation. You can take up to six premium holidays—either automatic or requested. An automatic premium holiday kicks in if you miss a premium and haven’t yet used your premium holidays. After paying six monthly premiums, you also qualify for a requested premium holiday, which requires you to notify Old Mutual in advance. - Optional Add-ons
Old Mutual provides several optional benefits for an additional cost:- Double Accidental Cover: This pays double the cover amount if an insured person dies in an accident.
- Paid-up Benefit: Premium payments stop, but cover continues when the policyholder dies, turns 64, or becomes disabled.
- Grocery & Education Benefits: Monthly payouts are provided to support families with groceries or education for 12 months after the policyholder or spouse passes away.
Entry Ages and Policy Eligibility
- The policyholder must be between the ages of 18 and 65.
- Children can be added as dependents if they are under 21 (or 26 if they are full-time students).
- Parents, in-laws, and extended family members can be covered up to the age of 84.
What Happens If You Change Your Mind?
If you decide to cancel the policy within 31 days of receiving your contract and haven’t made a claim, Old Mutual will refund the premiums you’ve paid. After the 31-day period, cancellations won’t result in a refund of the premiums.
When Does Cover Stop?
Your Old Mutual Funeral Cover ends when:
- You stop paying your premiums, and you no longer qualify for a premium holiday.
- You cancel the policy.
- The policyholder passes away.
- All insured persons have passed away or are no longer eligible for cover.
How to Buy Old Mutual Funeral Cover
Old Mutual makes it easy to purchase funeral cover online. Whether you need cover for yourself, your parents, or your extended family, you can choose from different plans and buy directly through their website. Alternatively, if you have specific needs, such as adding multiple children, you can request a callback from a consultant.
Conclusion
Old Mutual Funeral Cover provides South Africans with reliable, flexible, and comprehensive funeral insurance options. With benefits like premium holidays, no medical tests, and cover for extended family members, it’s a valuable solution for anyone looking to ease the financial burden of funeral arrangements.
Overview of Public Universities in South Africa
Here's an overview of some public universities in South Africa, including general admissions requirements and estimated application periods. Keep in mind, specific program requirements and dates can vary significantly, so it's important to check each university's official website for the most current information.
University of Pretoria
- Admissions Requirements: National Senior Certificate with minimum scores in specific subjects related to the chosen program; for international students, equivalent qualifications.
- Application Period: Usually opens in March and closes at the end of July for most programs.
University of Cape Town
- Admissions Requirements: National Senior Certificate with pass levels required for degree study; subject-specific requirements depending on the program.
- Application Period: Application opens in April and closes at the end of July.
Stellenbosch University
- Admissions Requirements: National Senior Certificate with required marks; some programs have additional testing.
- Application Period: Opens in March and typically closes at the end of June.
University of the Witwatersrand
- Admissions Requirements: Matriculation certificate with university exemption; required scores vary by faculty.
- Application Period: Begins in March and ends on the 30th of September.
University of Johannesburg
- Admissions Requirements: Matric exemption with a minimum APS score; specific subject requirements based on the faculty.
- Application Period: Opens in April and generally closes by the 30th of September.
University of the Free State
- Admissions Requirements: National Senior Certificate with specific marks for the program applied to; additional requirements for certain courses.
- Application Period: Typically opens in April and closes at the end of August.
University of Venda
- Admissions Requirements: Completion of the National Senior Certificate with an endorsement for diploma or degree studies; specific APS scores needed.
- Application Period: Usually from May to September.
University of Fort Hare
- Admissions Requirements: National Senior Certificate with university exemption; certain programs may have specific requirements.
- Application Period: Opens around May and closes at the end of September.
University of the Western Cape
- Admissions Requirements: National Senior Certificate with specific performance levels; additional requirements for certain programs.
- Application Period: Generally from May to September.
North-West University
- Admissions Requirements: National Senior Certificate with university exemption; program-specific requirements may apply.
- Application Period: Opens in March and usually closes by the end of August.
Rhodes University
- Admissions Requirements: National Senior Certificate or equivalent; minimum academic performance in certain subjects.
- Application Period: Applications open in April and close at the end of September.
Nelson Mandela University
- Admissions Requirements: National Senior Certificate with required scores for chosen programs; portfolio or additional tests for some faculties.
- Application Period: Opens in April, with a deadline at the end of August for most programs.
Cape Peninsula University of Technology
- Admissions Requirements: National Senior Certificate with specific scores; additional requirements for certain courses.
- Application Period: Opens in May and typically closes by the end of September.
University of Limpopo
- Admissions Requirements: Senior Certificate with endorsement for diploma or degree courses; specific APS scores for different programs.
- Application Period: From April to September.
University of Zululand
- Admissions Requirements: National Senior Certificate with an endorsement for bachelor’s degree studies; specific score requirements for various programs.
- Application Period: Usually between April and November.
Central University of Technology
- Admissions Requirements: National Senior Certificate with specific scores for the chosen field of study; additional criteria for certain programs.
- Application Period: Application period generally starts in May and ends in October.
Vaal University of Technology
- Admissions Requirements: National Senior Certificate with a pass that qualifies for admission to bachelor’s degree, diploma, or higher certificate programs.
- Application Period: Typically from May to September.
Walter Sisulu University
- Admissions Requirements: National Senior Certificate with required scores for chosen programs; additional criteria for certain faculties.
- Application Period: From April to September.
This list provides a starting point for understanding the admissions landscape across South Africa's diverse higher education institutions. Given the variability in programs and requirements, it's crucial to consult each university's website for the most accurate and up-to-date information.