Business brochure - Old Mutual

GREENLIGHT | for Business
“Celebrate Life”

GREENLIGHT | for Business
GREENLIGHT for Business provides life and disability risk
cover that is tailored for your business.
You’ve worked hard all your life to build up your business. You’ve poured
your heart and soul into it and risked a lot to get it going – challenging clients,
restrictive budgets and looming deadlines. It’s all come together finally and now
that your business is a success, its most valuable asset, it’s people, need to be
protected against the unexpected.
Unfortunately, when the unexpected happens we need to plan accordingly. What
would happen to your business if you or your business partner were unable to
work, or if one of you dies? And how would your family cope financially?
GREENLIGHT for Business from Old Mutual offers comprehensive long-term risk
cover solutions to you and your business. In the event that you, your business
partners or any keyperson are unable to work, your business will continue to
prosper, because we’ll have you covered and we pay what we promise.
excuses.
No
business
IF ANYTHING HAPPENS TO YOUR BUSINESS PARTNER,
WE’LL ENSURE IT DOESN’T HAPPEN TO YOUR BUSINESS.
We pay what we promise – no excuses.

GREENLIGHT | for Business
Take a look at some of the GREENLIGHT for Business
features that set us apart from the competitors:
Death Benefit
Underwriting credit – more cover available within the first 12 months of
cover with no extra medical tests, for business or personal needs.
Terminal Illness Benefit – the full cover amount is advanced if you have
less than 12 months to live.
Full cover before the first premium paid, for up to 30 days.
A range of options for the initial premium level.
Competitive and robust premium rates that are ‘Priced for Life’.
Comprehensive Disability
100% cover, irrespective of the severity of the condition.
Proven claims payout record.
Top of the range, all-in-one earning ability protection that covers
occupational disability, physical and functional impairment.
Clear definitions and language.
Providing certainty – the simplest and least number of exclusions in the
market.
Added flexibility with GREENLIGHT for Business
Choice of level or increasing premiums.
Choice of level or increasing cover.
Choice of whole-life or term cover.
Term cover has a built in conversion option.
Premium patterns can be changed over time.
Cover can be increased or decreased voluntarily.
Rating factors such as smoker status and occupation class can be changed.
features
PLANNING FOR THE UNEXPECTED CAN MAKE ALL
THE DIFFERENCE TO YOUR BUSINESS

What will
happen to
your business
if the person
standing
surety for its
debts dies or
is unable to
work?
GREENLIGHT | Business
Contingency Cover
GREENLIGHT Business Contingency Cover will ensure that your business is not
financially affected by the death or disability of the person standing surety for
its debts.
Why choose GREENLIGHT Business Contingency Cover?
For the business:
Protects the business from any adverse effect on its creditworthiness as
a result of the death or permanent disability of the person who stands
surety.
The outstanding liability is settled in full if the cover is equal to or more
than the debt covered.
The financial resources of the business are not put under any undue strain
due to an unexpected claim.
Cover for overdrafts are also available.
For the disabled business owner, or dependants of
the deceased:
Personal assets are released from any liability on death or permanent
disability.
The estate can be wound up without the threat of a claim.
The lifestyle of dependants are not at risk.
SOLUTION:
GREENLIGHT for
Business allows
a business to
take out cover
on the life of an
individual who
stands surety
for debts by
providing the
necessary back
up funds to
repay the debt.

What would
happen to the
co-owner’s
share in your
business if
they were
unable to
work, or in
the worst case
scenario, die?
GREENLIGHT | Buy and Sell Cover
GREENLIGHT Buy and Sell Cover provides funds so that a deceased or permanently
disabled co-owner* can sell their interest in the business to the surviving business
owners, ensuring the continuity of the business.
Why choose GREENLIGHT Buy and Sell Cover?
For the business and surviving business owners:
Together with the Buy and Sell agreement, it ensures continuity and
minimal disruption to the business, which reduces the risk of unskilled or
incompatible new co-owners joining the business.
The deceased’s estate is contractually obliged to sell its interest in the
business. The cover thus ensures that the business interest of the
deceased will not transfer to their estate.
The Buy and Sell contract will provide the terms of the payment of the
purchase price.
For the disabled business owner, or dependants of the
deceased:
Together with the Buy and Sell agreement, it provides certainty regarding
the funding of the purchase price and sale of their interest in the business.
The heirs of the deceased estate can share in the proceeds from the sale
of the business interests.
Provides a cash payment that could compensate for loss of income in the
event of the death, or permanent disability of the breadwinner.
SOLUTION:
GREENLIGHT
Buy and Sell
Cover allows coowners,
partners
and members
of companies
to take cover
on each other’s
lives, which
enables them to
buy a deceased
or disabled coowner’s
share in
the business.
*Co-owners include partners and members of the company.

GREENLIGHT | KeyPerson Cover
GREENLIGHT KeyPerson Cover will assist in absorbing disruptions to the business in
the event of the death or permanent disability of a keyperson.
What would
happen
to your
business’s
finances if
a keyperson
dies or is
unable to
work due to a
disability?
Why choose GREENLIGHT KeyPerson Cover?
The benefit payment will provide cash that can be
used for:
Recruiting, training or developing new employees.
The continued existence and development of the business is protected.
Ensuring that existing and potential business contracts are not affected.
Ensuring that the creditworthiness of the business is not affected.
SOLUTION:
GREENLIGHT
Keyperson
Cover provides
the necessary
funds to sustain
the business
until a suitable
replacement
can be found.

GREENLIGHT | Business
Overheads Replacer Cover
What will
happen to
your business
if you are
unable to
work due to
a disability,
even for a
short while?
Why choose GREENLIGHT Business Overheads Replacer Cover?
If you can’t work temporarily, your business will be able to cover fixed
monthly overhead expenses without incurring debt.
Your personal income will not be used to cover monthly business
overheads in these circumstances.
Cover of up to 24 months income.
7-day waiting period plus potential payments from Day 1.
Your premium is automatically waived while a benefit is being paid.
SOLUTION:
GREENLIGHT
Business
Overheads
Replacer Cover
provides monthly
payments for a
limited period if
the life covered
is unable to
work, due to
illness or injury.

Ask about
GREENLIGHT for
Business.
Speak to your Old Mutual
Financial Adviser, your
Broker, or visit
www.oldmutual.co.za/
greenlight or contact
0860 WISDOM
(0860 947 366) for advice.