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Life Assurance Products

At Old Mutual Wealth, we provide life cover across three different terms; fixed, rolling and whole of life. Each term offers optional premium protection benefit (waiver of premium), guaranteed increase options and a permanent inflation option. Critical illness cover can be added to both fixed and rolling term. 

Read more about our life cover options below.


Fixed term

Our fixed term cover includes terminal illness and can cover your clients for up to 50 years or to age 100.

Product details

Terms: 5 to 50 years

Terminal illness: yes

Premiums: guaranteed

Inflation option: yes

Minimum age: 16 for a life assured, 18 for a planholder

Guaranteed increase options: yes

Maximum age at outset: 85

Continuing cover option: yes

Maximum age at expiry: 100 

Premium protection benefit: optional

Basis: Single and joint life first death

Total permanent disability: optional

There for You: yes

 


For more information, download our Fixed Term protection flyer.


Rolling Term

This unique product term gives guaranteed insurance for life with premiums guaranteed for ten years periods. At the end of each ten-year term your client can renew, without further medical questions, for a further ten years.

Unlike renewable products there is no maximum age so that the cover can be extended as many times as is needed. And unlike reviewable whole of life policies there are no nasty surprises; we will tell you at the start what the guaranteed premiums will be for the first three extensions (or two if the life assured is 70 or over).

Product Details

Terms: 10 year renewable

Terminal illness: yes

Premiums: guaranteed

Inflation option: yes

Minimum age: 16 for a life assured, 18 for a planholder

Guaranteed increase options: yes

Maximum age at outset: 85

Continuing cover option: yes

Maximum age at expiry: No maximum age 

Premium protection benefit: optional

Basis: Single and joint life first death and joint life last death

Total permanent disability: optional

There for You: yes

 


For more information, download our Rolling Term protection flyer.


Guaranteed whole life

Protect guaranteed whole life cover policy offers guaranteed premiums for life (unless your client increases the sum assured, in which case the premiums will be reviewed). As there are no premium reviews, your clients can be sure about the cost of their premiums for the future.

Product details

Terms: Whole of life

Terminal illness: no

Premiums: guaranteed

Inflation option: yes

Minimum age: 16 for a life assured, 18 for a planholder

Guaranteed increase options: yes

Maximum age at outset: 85

Continuing cover option: yes

Maximum age at expiry: No maximum age 

Disabilit conversion option: yes

Basis: Single and joint life first death and joint life last death

Premium protection benefit: optional

There for You: yes

 Total permanent disability: optional


For more information, download our Guaranteed Whole Life protection flyer.


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