FutureBuilder Life Cover


Metropolitan FutureBuilder Life Cover helps to provide financial security for your family after you pass away. You can choose a life cover benefit amount between R100 000 and R500 000 without any medical tests.

For more information,
call the Metropolitan Call Centre on 0860 724 724.

Who can take out the policy?

You can take out a FutureBuilder Life Cover for yourself or you can make the payments on your loved one’s life cover policy.

How much will it cost?

The monthly payment will depend on your gender, age, income and education. Speak to a Metropolitan financial adviser for personalised cover that you can afford.

What are the benefits and features?

Benefits included

Free Cover benefit
You will automatically receive a Free Cover benefit when you die in an accident.
Metropolitan will pay the free cover benefit according to the benefit amount selected even if we are still waiting for your first payment. The free cover benefit will apply for 45 days from the date Metropolitan accepts your policy.

Terminal Illness benefit
The Terminal Illness benefit will pay up to 50 % (half) of the benefit amount if:

you are diagnosed with a terminal illness, and
Metropolitan agrees that the terminal illness will likely lead to death within a period of 12 months.

Optional benefits

CashBack benefit
The CashBack benefit will give you a percentage of your payments paid as a cash payout after every five years, if your policy is still active and all monthly payments have been made.

Escalation options
Escalation options provide the option to increase your life cover benefit and premium amount to keep up with rising costs (inflation).

What are the rules?

Entry age
Anyone between the ages of 15 and 65 years old can apply.

Cooling off period
You have the right to cancel the policy within 30 days of receipt of the policy summary. You will receive a refund of any payments you made less the cost of any cover enjoyed before you cancelled the policy.

You can cede the policy.

Loans and withdrawals
You cannot make a loan or withdrawal on the policy.

Payout of benefit amount

Accident - The full benefit amount will be paid if you die due to an accident.
Natural causes over 24 months - The benefit amount for death due to natural causes will be phased in over a 24 month period as per the table below.

Policy duration at time of death
Percentage payout
  Natural causes Accidental causes
First 6 months 0% 100%
Start of months seven to end of month 12 25% 100%
Start of month 13 to end of month 18 50% 100%
Start of month 19 to end of month 24 75% 100%
Greater than 24 months 100% 100%

Get financial advice

We will call you back.

Or call us on 0860 724 724


Need to claim?

Call us on 0860 724 724

or visit your nearest Client Service Office