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May 6, 2026
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Old Mutual Ghana unveils Legacy Transition Plan with a funeral cover of up to GH¢300,000
Money
Opportunity
Growth
Key Points
- Old Mutual Ghana has launched the Legacy Transition Plan, a new insurance product designed for comprehensive family financial protection and legacy planning.
- The plan offers inflation-proof benefits with a 10% annual escalation up to GH¢500,000, starting from GH¢20,000 to GH¢300,000 at inception.
- It provides extensive family coverage, allowing an unlimited number of extended relatives to be enrolled without a medical examination.
- Unique features include a 10% cash-back on premiums every five years, a 10-month reinstatement window, and a provision for allocating 5% of the sum assured for funeral logistics.
- The product aims to address the financial burden and cultural realities of funerals in Ghana, ensuring dignity and long-term financial security for families.
Why This Matters
This product is highly significant for Ghana as it directly addresses the substantial financial and cultural importance of funerals within Ghanaian society. By offering inflation-proof, extended family coverage and specific provisions for funeral logistics, it provides a much-needed structured solution for financial planning and protection that aligns with local realities. This initiative by Old Mutual Ghana helps enhance financial literacy and resilience among Ghanaian households, mitigating the economic impact of bereavement.
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