“Celebrate Life”
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GREENLIGHT
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Why GREENLIGHT is right for you.
We can provide cover for your entire family, from newborns to adult dependants.
We can protect your income in the event of disabling events and severe illness throughout your life.
We pay what we promise, no excuses! 97% of all our assessed claims are paid.
By using plain language we ensure your understanding and peace of mind.
We underwrite thoroughly and carefully analyse risk, in order to price accurately.
All our benefits are priced for life. Our past premium reviews at the end of the guaranteed periods speak
for themselves, with premiums having remained unchanged.
GREENLIGHT understands how important it is to take care of life’s precious things. We make sure that you
are protected against serious losses, so that you are comfortably able to put into practice Greenlight’s
philosophy to ‘Celebrate Life’. GREENLIGHT insures the life in your years, which means that we help you
to take care of the things you have to do, so you can get on with the things you want to do.
“Life is not
measured by
the number
of breaths we
take, but by
the moments
that take our
breath away”
Understanding GREENLIGHT risk cover
GREENLIGHT is a modern innovative product and can offer you so much more than a payout for your dependants if you die.
It goes far beyond what many people still think of as ‘life insurance’ Much more importantly, GREENLIGHT will also pay out if
you live! If you have experienced a traumatic event such as a heart attack, or cancer - or a disabling accident, GREENLIGHT
can replace your income if you can’t work, and help you make the necessary lifestyle changes.
GREENLIGHT
What is the CORE NEED of risk cover?
Life is precious. At the start it’s a fight for survival, but as we grow in age and understanding,
the reality of life’s fragility creates an even stronger determination to protect against its risks at
all costs. We become more resolved to make every breath we take meaningful and to celebrate
every breathtaking moment.
GREENLIGHT insures not the years in your life, but, as Abraham Lincoln so succinctly said, the
life in your years. None of us knows how long our journey will last, or what’s in store for us, but
with GREENLIGHT you’ll have the peace of mind that you have provided protection for yourself
and those you love.
This brochure will give you an overview of the risk cover provided by GREENLIGHT and help you
decide which benefit really suits your lifestyle and needs.
What makes GREENLIGHT different?
GREENLIGHT is unique in that the benefits of each building block work together to offer a flexible
risk solution that’s become one of the most highly regarded in the market.
The benefit options available with GREENLIGHT are as follows:
Building Your Personal Cover Plan
Building Block 1
Building Block 2
GREENLIGHT
Life Cover
GREENLIGHT
Earning Ability
Cover
Building Block 3
Building Block 4
Building Block 5
GREENLIGHT
Lifestyle
Adjustment
Cover
GREENLIGHT
Future Needs
Cover
GREENLIGHT
Business
Cover
GREENLIGHT
Life Cover
This is the foundation of your Personal Cover Plan.
It offers three different benefit options to choose from:
Life Cover
Building Block 1
Death Benefit
Accidental Death
Benefit
Final Expenses
Benefit
A cash payout that
is generally used to
settle debt, outstanding
bonds, estate duty and
other financial costs in
the event of death. It
can also be invested to
provide an income and
financial security for
your family.
Sudden accidents can
wreak financial disaster
at a time when money
should be the last
thing on your mind.
This benefit will pay
out a lump sum to a
beneficiary of your
choice in the event of
your accidental death.
Provides readily
available cash to cover
final expenses, such
as travel, the funeral
and clearing immediate
debts, for example
credit cards.
Why GREENLIGHT is right for you?
You can get immediate cover for up to 30 days
before your first premium. Our Death Benefit
also includes built-in terminal Illness cover.
GREENLIGHT
Earning Ability Cover
Earning Ability
Building Block 2
This cover is designed to protect your income should you be prevented
from working or become physically or functionally impaired. It offers
six different benefit options:
LUMP SUM:
Functional
Impairment Benefit
Comprehensive
Disability Benefit
Extensive
Disability Benefit
To provide lump sum cover
if you suffer a permanent
and irreversible functional
impairment due to illness
or injury. This Benefit
covers an extensive list of
functional impairments,
with specified percentage
payouts depending on the
severity of the impairment.
Term cover or whole-life
cover may be selected.
Provides protection should
you be permanently
unable to work, or if you
suffer a permanent and
irreversible functional
impairment due to an
illness or injury. You
will receive 100% of
your cover amount with
a claim, but no partial
payouts for less severe
impairments. You have
a choice of protecting
your “Own” occupation,
or “Own or Reasonable”
occupation.
Term cover or whole-life
cover may be selected.
This is GREENLIGHT’s
market-leading lump-sum
disability cover. Provides
protection should you
be permanently unable
to work, or if you
suffer a permanent and
irreversible functional
impairment due to an
illness or injury (partial
payments for less
severe impairments are
included). Congenital
birth defect and
impairment cover is also
included for your children.
Extensive Disability
Benefit: You have a
choice of protecting your
“Own” occupation, or
“Own or Reasonable”
occupation. Term cover
or whole-life cover may
be selected.
Extensive Disability Benefit
Congenital birth defect and impairment cover for
your children are included. Whole life cover can
provide protection for frailty.
GREENLIGHT
Earning Ability Cover
INCOME:
Earning Ability
Building Block 2
Disability Income
Benefit
Temporary Income
Benefit
Functional Impairment
Income Benefit
Provides a monthly
income while you are
occupationally disabled
or functionally impaired,
either temporarily or
permanently. The
disability or impairment
should last longer than
the elected waiting
period. A partial benefit
may be payable if you
are partially disabled
or impaired. Payments
for specified periods on
fractures are included
as well as a maternity
benefit equivalent to
four months’ premiums.
Term cover or whole-life
cover may be selected.
Provides a monthly
income while you are
occupationally disabled
or functionally impaired
on a temporary basis
only. The disability or
impairment should last
longer than the elected
waiting period. A partial
benefit may be payable
if you are partially
disabled or impaired.
Payments for specified
periods on fractures are
included.
A total benefit of either
24 or 48 months of
income can be selected.
Term cover or whole-life
cover may be selected.
Provides a monthly
income while you are
functionally impaired
due to an illness or
injury. This benefit is
payable on temporary
or permanent functional
impairment, if the
impairment lasts longer
than the elected waiting
period. A partial benefit
may be payable if you
are partially impaired.
Payments for specified
periods on fractures
are included as well
as a maternity benefit
equivalent to four
months’ premiums.
Term cover or whole-life
cover may be selected.
The Disability Income Benefit provides an exact
match to the duration of the impairment or
occupational disability. It pays until recovery,
retirement or until death for the whole life option.
You have the following disability needs.
Insure 100% of your monthly
income,or your bond,modifications to
your car and house and other once
off expenses related to disability.
Lump
Sum
Income
Insure 100% of your monthly income, on temporary
and/or permanent basis.
Temporary (recovery)
Permanent (no recovery)
Why GREENLIGHT is right for you?
Cover of up to 100% of earnings is available.
Cover can last up to age 70 or whole life.
Functional Impairment events do not change after retirement.
Congenital Birth Defect and Impairment cover for children is included in Extensive Disability up to the lower of 10% of the parent’s cover, or R500,000.
Catch-all definition includes Activities of Daily Living and Instrumental Activities of Daily Living, and provides cover for frailty in old age.
GREENLIGHT
Lifestyle
Building Block 3
Lifestyle Adjustment Cover
Illness or injury can leave you profoundly vulnerable and recovery is often long and
difficult. This cover is expressly designed to make life easier when you need help the
most – to give you independence. Within this building block there are three benefit
options:
Severe Illness Benefit
This benefit pays out
100% in the event of
an illness such as a
heart attack, cancer
or stroke, as defined
in your contract, to
ensure that you have
the best possible
chance of recovery. It
offers a choice of Core,
Comprehensive or
Extensive Illness Cover.
Term cover or whole-life
cover may be selected.
Physical Impairment
Benefit
A lump sum is paid
out in the event of you
suffering a physical
impairment. It will cover
any lifestyle adjustment
expenses such as buying
a wheelchair, building
ramps or prostheses.
Retrenchment Benefit
This pays up to six
months’ income to give
you the opportunity to
find a new job and sort
out your finances.
Why GREENLIGHT is right for you?
Our Severe Illness Benefit provides you with 100% cover at all times.
This means that where another company may pay you only 25% of
your cover on a “mild” heart attack (according to standard industry
definitions), we take into account the full lifestyle impact of your
condition and pay out 100% to ensure that you have the means to
change your lifestyle for the better.
GREENLIGHT
Future Needs Cover
Protecting your Personal Cover Plan is vitally important,
so to help you, GREENLIGHT offers three options:
Premium Protection
Benefit
Future Cover
Benefit
Waives the premium on
the protected benefit,
its accelerators (if
applicable), and the
Premium Protection
Benefit premium on the
death or disability of the
life covered.
Use your current state
of health to secure
the option to apply for
cover in the future, with
reduced underwriting
requirements at the
time.
Savings Benefit
Future Needs
Building Block 4
Provides the choice of
a focused or flexible
savings vehicle to
achieve your savings
goals.
Why GREENLIGHT is right for you?
GREENLIGHT Future Needs Cover can be optioned
every three years or at the time of specific life
events such as marriage, the birth of a child, or
buying a house. You don’t lose it if you don’t use it.
GREENLIGHT
for Business
GREENLIGHT for Business offers comprehensive business
assurance solutions that protect business owners against
a variety of business risks, including:
Keyperson Cover
This provides
funds to help
overcome the
negative financial
impact caused
by the death or
disability of a key
person.
for Business
Building Block 5
Buy and Sell
Cover
Business
Contingency
Cover
Business
Overheads
Replacer Benefit
Allows co-owners
to take out
cover on each
other’s lives,
which in turn
enables them to
buy a deceased
or disabled coowner’s share in
the business.
By providing the
necessary backup funds, this
benefit allows
the business to
take out cover
on the life of an
individual who
stands surety for
debts.
This will provide
monthly
repayments
for a limited
period if you are
unable to work
as a result of
illness or injury,
and maintain
your business
overhead costs.
Why GREENLIGHT is right for you?
Our legal team can assist with succession planning as
well as buy and sell agreements for your business.
You can also get comprehensive disability cover for
business owners and keypersons.
A person covered under a stand-alone GREENLIGHT benefit has
unlimited access to GREENLIGHT CARE 4U, a revolutionary support
programme, which offers 24-hour assistance, advice and support
for clients and their loved ones. Simply dial 0860 61 62 63 for:
1. Access to legal assistance
GREENLIGHT CARE 4U will put you in
touch with a panel of legal experts who
will consult with you on any general legal
issue, including:
Winding up an estate
Interpreting a will
Divorce
The purchase and sale of a property
Employment, labour law & industrial relations
Tax
We will also give you
access to standard legal
documentation, including:
Small Claims Court Kit
Maintenance Kit
Domestic Workers Agreement
Will Template
2. Help with children and schooling
Get access to advice and assistance relating to children, including:
Advice on the protection of children in their school environment
Interventions to protect a child’s rights
Legal assistance with childcare, adoption and paternity disputes
3. Death and bereavement
Support
No one can ever be prepared for the life-changing experience of a death
in the family, so GREENLIGHT CARE 4U offers support through expert
advice, practical arrangements and counselling
GREENLIGHT
CARE 4U
Simply dial
0860 61 62 63
care 4u
GREENLIGHT CARE 4U
4. Risk-related services
These include:
A joining fee waiver and a 50% subscription rebate at Virgin Active
BMW and AA advanced driving course discounts
Trellidor and Maxidor product discounts
Savings at a variety of vehicle tracking service providers
Key questions
regarding Disa
Why GREENLIGHT Disability
cover is important?
Your most valuable asset during your working career is your ability to earn an income.
It needs to be protected.
Your income enables you to maintain your lifestyle - the home you live in, the type of education your children receive, your retirement provision, access to medical treatment, the car you drive, and your emergency savings.
An unexpected illness or accident can prevent you from working, and depending on your occupation, you and your family may be left with a reduced income or no income at all.
There may also be additional costs related to the illness or accident, which may not be covered by your medical aid. For instance, specialist treatment and rehabilitation is often not fully funded by your medical aid. Will your emergency savings be able to cover these?
Disability cover can also help to keep your retirement planning on track by replacing 100% of your income while you are disabled. This enables you to continue your retirement savings.
Tax deductible premiums on income disability benefits also put money back into your pocket.
As medicine advances, people are living longer than ever before, and the risk of frailty is on the increase. The cost of nursing homes and frailty care is significant. Can these additional costs be funded by your retirement income?
How can I protect my family’s income?
Whether your household budget is small or large, you should identify areas of waste or
overspending. Once you are comfortable with your budgeting for the necessities, you know
how much is left to put away for emergencies and savings. But creating a budget requires an
income.
With GREENLIGHT, you can protect your income, and your ability to budget, against the impact
of death, disability or illness on your ability to provide for your family.
s
ability Cover
Total Income
35,000
Taxes
10,500
Net Spendable
24,500
Bond/Rent
7,000
Rates & Taxes, Electricity, Water
1,500
Medical
1,500
Short Term Insurance (Car, House)
800
Life, Disability, Illness cover
700
Clothing
Other Regular Accounts (HP’s)
1,000
500
Fuel, Transport & Parking
2,000
Entertainment
1,000
Food
4,000
Investment Savings
1,000
School/Childcare
2,500
Other Expenses
1,000
Total Budget
Monthly Expense Indicator
Your budget can be divided
into the following categories:
24,500
Disability triggers:
Accident (car, home or at work)
Short-term illness or condition (fractures, operation)
Long-term illness or impairment (paralysis, heart condition)
Protection of whole budget that is affected by disability triggers:
1. Cover 100% with a Disability Income Benefit, or
2. Cover 100% with a Temporary Income Benefit combined with a Comprehensive/
Extensive Disability lump sum benefit
Solutions for th
Does GREENLIGHT offer solutions for
the entire family?
With GREENLIGHT Personal Cover, you can cover your
entire family for disabling events. From newborns to
adult dependants can now have disability cover through
GREENLIGHT.
Full spectrum of
Disability cover
A
Depedult
ndan
t
s
Functional Impairment
Income/Lump Sum
e ve
omuti
H c
e
Ex
My
Family
ren
Child to
up rs
ea
13 y
Functional Impairment
Income/Lump Sum
rs
la rs ts
ho yea en
c
S + tud
14d S
an
Bread(s)
r
Winne
Functional Impairment
Income/Lump Sum
New
born
Child Impairment
Congenital Birth Defects
he Family
At birth
GREENLIGHT
offers solutions
for the whole
family and can
also cover you
throughout your
lifetime.
Congenital
birth
defects
(Extensive)
Disability
Up to 13
years
Child
impairment
(Extensive)
Disability
14 years to
student to
starting a career
Functional
impairment
lump sum
and/or
income
Working
career
Full
spectrum
of disability
cover
available
Retirement
to frailty
Functional
impairment
lump sum
and/or
income
Retirement
How much disability cover is
enough?
The traditional advice is that you need disability cover until your retirement savings can take over.
So if you have a retirement date in mind (between age 55 to 70), you need to insure 100% of your monthly income (increasing with inflation every year) up until retirement.
You need to ensure that you are covered for temporary and permanent illnesses or conditions.
You need to ensure that when taking out lump sum cover for permanent disabilities, your cover amount equates to an appropriate multiple of your annual earnings (see How large should my lump sum benefit be until retirement?)
How large should my lump sum
benefit be until retirement?
You need to insure 100% of your average monthly earnings, increasing at the rate of inflation,
e.g. R30,000 per month growing at CPI, until your planned retirement age. Calculate how
long you have until your planned retirement (planned retirement age less current age) Using
the table below, simply look up your nearest number of years to retirement, and you will
find a reasonable multiple of your annual earnings that could provide you with 100% of your
income until your planned retirement date. As you get closer to retirement, the multiple of
5
15
20
24.3
18.2
25
30
35
40
Multiple of Annual Salary
10
15.5
12.4
20.5
These multiples are dependent on the economic
assumptions used.
22.6
reviewed with your advisor or broker.
8.8
With GREENLIGHT, you
can insure 100% of your
income for temporary
AND permanent
disability until a
retirement age of 70 or
earlier. You also have
options for cover after
retirement (see Why do
I need Disability cover
after retirement?)
earnings required reduces, as can be seen from the table. Cover multiples should therefore be
4.7
KEY FACT:
Years to
retirement
Assumptions:
Expected inflation of 5% into the future, and expected investment returns, on the lump sum claims payout
that is reinvested, of 8% after costs (Inflation plus 3%). Old Mutual does not provide any guarantee that the
selected cover as a multiple of annual earnings will provide an income until retirement.
Example:
A 50-year old woman, planning to retire at age 70, has 20 years to retirement. She will need lump sum
cover of around 15 times her current annual income, which can be invested and used to draw an income
until retirement if she becomes disabled.
Why do I need Disability cover
after retirement?
You may need additional funding to provide for frailty care.
You may need an enhancement to your retirement income if you become impaired after retirement. These funds can be used to upgrade your home or car, or pay for additional expenses as a result of the impairment.
If you are just getting by with your current retirement income, additional expenses due to poor health may very well stretch you financially.
KEY FACT:
With GREENLIGHT, you can insure your income up to R50,000 for
temporary AND permanent impairments after retirement, or up to a
R6 million lump sum for permanent impairments after retirement.
Fragile
How likely are you to become frail
after retirement?
May 3, 2011 — The prevalence of frailty, which is linked to earlier death, increases throughout adulthood
and not just after age 65 years, according to results from the Canadian National Population Health Survey
reported online April 26 in the Canadian Medical Association Journal.
“The prevalence of frailty increases with age in older adults, but frailty is largely unreported for younger
adults, where its associated risk is less clear,” - Kenneth Rockwood, MD, Dalhousie University and the
Centre for Health Care of the Elderly in Halifax, Nova Scotia, and colleagues.
With advancing age, the prevalence of frailty increased from 2.0% (95% confidence interval [CI], 1.7% -
2.4%) for participants younger than 30 years, to 22.4% (95% CI, 19.0% - 25.8%) for those older than 65. For
participants who were at least 85, the prevalence of frailty was 43.7% (95% CI, 37.1% - 50.8%).
How much does
frail care cost in 2012?
Frailty
is defined as:
Easily broken;
mentally or
physically
fragile;
not firm
or durable;
weak; infirm.
Province
Facility
Per Month Starting/Sharing
Gauteng
Resthill elderly care (Leazonia)
R9400
Western Cape
Napier Retirement Village
R6900
Kwazulu Natal
Homeleigh Haven Durban
R6800
North West
Samaul Broadbent Potchefstroom
R6050
www.frailservices.co.za
What do the Old Mutual
claims statistics tell us?
Old Mutual paid out R2.6 billion in risk cover in 2011 alone.
97% of all assessed claims were paid across death, disability
and illness cover.
Old Mutual claims paid in 2011
Death claims
2007
2008
2009
2010
2011
Paid
99.6%
99.5%
99.6%
99.3%
99.4%
Declined
0.4%
0.5%
0.4%
0.7%
0.6%
REASONS DEATH CLAIMS WERE DECLINED
Suicide (within first 2 years of the policy or if a suicide
exclusion applies to the product)
77%
Exclusion clause applied
17%
Non-disclosure / fraud
6%
CAUSES OF DEATH CLAIMS
CAUSES OF ACCIDENTAL DEATH CLAIMS
Accidental death
24%
Motor vehicle accident
66%
Cancers and tumours
19%
Crime and violence
22%
Cardiovascular (Heart) disease
18%
Drowning
4%
Respiratory system
10%
Shot
3%
Endocrine and metabolic system
7%
Other or unspecified
2%
Brain, spinal or nervous system
6%
Major burns
1%
Suicide
5%
Accidental poisoning
1%
Crime and violence
5%
Explosion
1%
Gastrointestinal system and
abdomen
4%
Other or unspecified
3%
Old Mutual claims paid in 2011
Disability claims
CAUSES OF DISABILITY CLAIMS
Lump sum
Income
Lump sum
Income
Bones, joints and connective tissue
20%
33%
2007
2008
2009
2010
2011
2012
Cardiovascular system
19%
1%
Paid
80.2%
82.7%
82.8%
82.3%
84.7%
94.8%
Brain, spinal and nervous system
19%
23%
Declined
19.8%
17.3%
17.2%
17.7%
15.3%
5.2%
Psychiatric states
11%
2%
Cancer and Tumours
11%
18%
Respiratory system
7%
2%
Other or unspecified
5%
3%
REASONS DISABILITY CLAIMS WERE DECLINED
Lump sum
Income
Not totally and permanently disabled
46%
18%
Ear, nose, throat and eyes
4%
1%
Non-disclosure
35%
35%
Urinary system
1%
1%
Claimant still working
14%
0%
Motor vehicle accidents and other accidents
1%
9%
Exclusion clause applies
3%
18%
Gastrointestinal system and abdomen
1%
3%
Other reasons
2%
29%
Endocrine and metabolic system
0%
3%
Claims Statistics:
So as you can see, the claims statistics in this
brochure are transparent using assessed claims on the
GREENLIGHT, Flexi and Conventional product ranges
between 2003 and 2011.
Old Mutual claims paid in 2011
Illness claims
2007
2008
2009
2010
2011
Paid
86.8%
85.4%
79.0%
80.5%
78.7%
Declined
13.2%
14.6%
21.0%
19.5%
21.3%
REASONS ILLNESS CLAIMS WERE DECLINED
CAUSES OF ILLNESS CLAIMS
Cancer
57%
Heart Attack
19%
Claim does not meet definition in contract
68%
Other
9%
Event not listed in contract
16%
Coronary Artery Bypass Graft
8%
Non-disclosure
14%
Stroke
5%
Exclusion clause applies
2%
Open-heart surgery
2%
We have used the agreed industry standard in calculating our claims payout ratios for 2011. This means that
invalid claims were excluded from our claims payout ratios (e.g. where no benefit existed, or where the
benefit has lapsed). The industry standard is a change from the way that the 2010 figures were calculated.
Life stages
Life Stages
You need to consider that providing for your needs
can never be exact. As your future unfolds, your
needs will change.
Some commonly used guidelines to help you are:
Consider your life cover first in order to provide your dependants with financial security and to settle debt.
Now look at disability cover – protecting your income for you and your family.
Severe illnesses strike suddenly – and they strike hard.
So illness cover is a very high-ranking priority as well.
Once you’ve thought through these main areas, add on complementary
cover, such as premium protection, in order to complete a comprehensive
Personal Cover Plan that suits you and is flexible and affordable.
Here is an overview of some ordinary people at different stages in their
lives. Each of their situations and needs is unique. Let’s have a look at
what they would ideally need to secure the life in their years (for more
information on the benefits mentioned, refer back to the “building blocks”
under “What makes GREENLIGHT different?”).
Housewife…..or Househusband
Jana Williams is a 34-year-old housewife who has three children and a husband who is working
hard to establish a career. Jana also brings in a little extra income by selling jewellery from
home. If something happened to stop Jana from working in the home, the family would need
immediate help in terms of childcare, shopping and household management. If she was sick
(even for a little while) they simply wouldn’t be able to cope. If she died, her husband would
need permanent live-in childcare as well as domestic help as he would have to work even
harder to compensate for the loss of income.
Jana needs:
Jana has the easy
GREENLIGHT CARE 4U
number
0860 61 62 63
in her purse
for emergencies.
Life Cover
Death Benefit
Final Expenses
Benefit
Earning Ability
Cover
Functional
Impairment, or
Functional
Impairment
Income Benefit
Lifestyle
Adjustment
Cover
Severe Illness
(Comprehensive)
Benefit
Future Needs
Cover
Future Cover
Benefits (Core)
Young and Single
Steve Thompson is a 25-year-old marketing graduate who lives alone and works for one of
the big retail stores. He rents the home he lives in and does a lot of business travelling,
plays sport, and gets away for a break every chance he gets. Steve is completely reliant on
his income. If he can’t work, he can’t play and even more importantly, wouldn’t be able to
support himself.
Steve needs:
In addition,
as Steve is away
often, he can call
GREENLIGHT CARE 4U
to link up to ADT.
Life Cover
Final Expenses
Benefit
Earning Ability
Cover
Temporary
Income Benefit,
plus
Comprehensive
Disability
Benefit
Lifestyle
Adjustment
Cover
Severe Illness
(Core) Benefit
Retrenchment
Benefit
Future Needs
Cover
Future Cover
(Comprehensive)
Benefit
Partnered/Married - no children
Pumie and Sipho are a young couple who both work as teachers. They are getting married
soon and hope to buy a home. As Pumie and Sipho are busy making future plans the input of a
good financial planner is critical. They have many goals and need to separate them into shortterm, medium-term and long-term. They also need to draw up a marriage contract.
Pumie and Sipho need:
In addition,
they can call
GREENLIGHT CARE 4U
to connect with a
legal adviser to assist
in drawing up their
marriage contract.
Life Cover
Death Benefit
Final Expenses
Benefit
Lifestyle
Adjustment
Cover
Earning Ability
Cover
Temporary
Income
Benefit plus
Comprehensive
Disability (Own)
Benefit
Future Needs
Cover
Severe Illness
Premium
Protection
Future Cover
Benefits
Married/Partnered with children
– own business
David and Tanita April are married and have two children – aged ten and seven. Tanita works
as a secretary and David has his own hardware store (Tanita helps David with his admin work in
the evenings). With children to educate and a family to support, as well as a business to run,
these two have their hands full and can’t afford any personal or business risks. They are doing
their best to reduce debt and to pay off their home.
David and Tanita need:
In addition, as
David’s vehicle is
essential to his
business, they can
call GREENLIGHT
CARE 4U to find out
more about Tracker
vehicle tracking.
Life Cover
Death Benefit
Earning Ability
Cover
Accidental
Death Benefit
Disability
Income
Benefit, or
Final
Expenses
Benefit
Temporary
Income
Benefit plus
Extensive
Disability
(Own) Benefit
Lifestyle
Adjustment
Cover
Extensive
Illness Benefit
Future Needs
Cover
Premium
Protection
Future Cover
Benefits
Business Cover
Business
Contingency
Cover
Business
Overheads
Replacer
Cover
Married/Partnered
– no children in the house
Alan Jones and Sharmila Singh are in their late forties and are both previously divorced. They each have grown
up children who are no longer dependent. They both work and are at the peak of their careers and are earning a
good income. They are paying a joint bond. Alan and Sharmila have commitments to extended families but are
putting any spare cash into bulking up their retirement planning with hopes of a year-long round-the-world trip.
Alan and Sharmila need:
As they are also
looking at buying
a second home to
produce additional
income, Alan and
Sharmila can call
GREENLIGHT CARE
4U for legal advice
around a lease
agreement.
Life Cover
Death Benefit
Final Expenses
Benefit
Earning Ability
Cover
Comprehensive
Disability
Benefit
Lifestyle
Adjustment
Cover
Extensive
Illness Benefit
Future Needs
Cover
Premium
Protection
Benefit
Retired – Partnered or
living alone
Marita van Wyk and Helene Brown are friends and neighbours. Both are widowed and both have retired.
They are planning to sell their houses and pool their resources by purchasing a shared home for cash.
Marita and Helene need
Most importantly
they need to contact
GREENLIGHT CARE
4U to link up with
security experts to
make their new home
as safe as possible.
Life Cover
Final Expenses
Benefit
Earning Ability
Cover
Functional
Impairment
Benefit (Whole
Life)
Lifestyle
Adjustment
Cover
Extensive
Illness Benefit
(Whole Life)
(Note they don’t
have any life
cover).
Take action,
what to do next
What is the
VALUE OF ADVICE?
When it comes to life and disability cover, South Africans are generally
underinsured. Most of us require more than double our current life
cover. And, on average, we need about 70% more disability cover.
(Reference: ASISA Gap Studies – see website for more information)
SPEAK to your FINANCIAL ADVISER/BROKER
Your financial adviser/broker will provide expertise
and guidance on how to implement the perfect
GREENLIGHT Personal and/or Business Cover Plan,
and how much cover should be in place for your
particular needs.
Visit www.oldmutual.co.za/greenlight
or contact
root360/OM6507579
0860 WISDOM (0860 947 366)