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Life assurance provides protection in the event of death in the form of payment to the beneficiary. This enables such beneficiaries to maintain their lifestyles as they were before the demise of the policy holder.
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Suitability of products is as varied as individuals. Each individual has different needs and goals at different stages in life.
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Our Financial Planning Advisors will take you through financial planning to understand your current situation and your needs before advising on the Life Products most suitable for you.
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- When is the best time to buy a Greenlife assurance contract?
The best time to invest in the Greenlife contract is now. The reason is that the contract is unit linked. Units in this case act in the same way as shares do in other products on the market. What this means is that any premium paid is used to buy units which are inflation linked. This primarily means that units are cheaper to buy today than they will be at any given time in future.
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No. the return is a function of the investment performance which varies from time to time.
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- Where can I buy the Greenlife products?
You can contact your Old Mutual Agent across the country or the Old Mutual Offices in Blantyre and Lilongwe. For details see contact us.
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Yes, a policy can be used as security for loans applied especially with banks, where the policy is ceded to the bank until the loan is repaid, after which, it is receded back to the policy holder.
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Different benefits under the financial planning contract having different age limits for purposes of eligibility.
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Claims occur at the point where the policy matures or upon a death claim or surrenders. Maturities will be initiated by the company while death claims and surrenders are initiated by the policy holders.
Claims are subject to payment of all due premiums, production of the policy document, proof of title (with the onus being on the claimant), proof death on a death claim and proof of age of the deceased.
Claims underwriting involves establishing that the cause of death was covered under the policy and that the right amount is paid to the right person.
The claims process involves:
- Receiving of claims notification
- Receiving of claims support documents from the claimants
- Claims underwriting
- Notification of admission or not of the claim
- Discharge of policy
- Payment
- What do I do when my document is lost or destroyed?
The policy document forms the basis of your contract therefore if it is lost or destroyed you should contact your Old Mutual Agent or visit any of our offices as soon as possible. Also see Contact us.
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