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Give your loved ones the gift of peace of mind this Mother’s Day

09 May 2024 Old Mutual Mass and Foundation Cluster
Thembisa Mapukata

Thembisa Mapukata

Make this Mother’s Day all about future financial wellness.

Caring for loved ones who depend on you is a commitment that extends well beyond the living years. It’s a fact of life that the needs of close family members that you help support, from your parents to your partner and your children, don’t end when you pass.

As a mother and a primary caregiver, providing your loved ones with peace of mind that they can continue to count on your support even when you are no longer physically part of their life is one of the greatest gifts you can give. Life cover is about much more than making sure your family can host a dignified funeral for you. It’s about making sure there will be money to help settle debts, pay school fees and cover other family living expenses.

Financial protection for mothers (and others)

Life cover is a legacy that keeps on giving. Financially and emotionally. It’s an insurance that can be life-changing for you and your family. It can ensure your family is protected financially not only in the event of your death, but also for paying for immediate funeral expenses like the coffin, providing transport for family members, food and so much more.

In other words, life insurance provides financial security, something every household decision maker should invest in.

“It‘s never too early to plan for the future and buy life insurance,” says Thembisa Mapukata, General Manager, Tied Distribution, Old Mutual Mass and Foundation Cluster. “In fact, the younger you are when you sign up, the better and more affordable your monthly premiums will be. That’s because young, healthy adults are seen as less of an insurance risk.”

“Additionally, eligible infants from as young as 15-days-old can be covered on a life insurance policy and once they become legal adults, coverage can be converted into their own permanent policy”.

Plan ahead

The first step is to get great advice from a qualified financial adviser who has the backing of a trusted long-term insurer. Mapukata says: “An experienced adviser will look at your full financial situation and the needs of your beloved dependants, then suggest ways to ensure you are properly covered. It’s important to have a financial plan that suits your lifestyle as well as flexible financial solutions that are able to adapt to life’s changes.”

As Old Mutual, we designed our solutions to offer true customisation so you can manage the cost of your life insurance yourself, with the help of your financial adviser, of course. Together, you can choose precisely the type of cover you need and how to structure it so that it suits your affordability and particular needs.

As a special treat, to all the mothers (young and old) make Mother's Day unforgettable with a 20% discount on vouchers from our selected Rewards Partners like Sorbet, Mangwanani Spa, and more using your Old Mutual Rewards points from April 30 to May 12. Find the perfect gift and spoil yourself, visit: https://secure.rewards.oldmutual.co.za/group/om/vouchers to redeem your points now!

Our financial solutions are available through our accredited financial advisers, our extensive branch networks, digital platforms, and servicing agents. Visit: https://www.oldmutual.co.za/personal/ for more information.

Mother’s Day in South Africa is on 12 May 2024.

*This article does not constitute financial advice. Old Mutual Life Assurance Company (SA) Limited is a licensed FSP and life insurer.

*Old Mutual Rewards (Pty) Ltd. is a company in the Old Mutual Group. Terms, Conditions and Programme Rules apply.

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