The current retirement landscape
Only 6% of South Africans are prepared for retirement. People are living longer, healthier lives, and are therefore living longer in retirement. This leads to a general decline towards financial distress in retirement. This is due to retirement funding having to sustain a desired level of retirement income for longer.
To combat this challenge, people would need to start saving earlier to ensure that they have sufficient retirement savings to fund their lifestyle in retirement. They also need to be increasingly conservative with their income in retirement to ensure that their fund value is not depleted and therefore can sustain their annuity income for longer.
People live longer, leading to assets remaining invested for longer which results in surplus profits. Discovery Invest channels these surplus profits back to them in the form of boosts to retirement funding and retirement income.
Retire with increased retirement savings
You can boost your retirement savings by up to 15% with the new Retirement Upfront Investment Integrator. The boost depends on your term to selected retirement. The longer the term to selected retirement, the larger the boost, a minimum term of 10 years applies to qualify for the upfront boost. Discovery Invest has designed the boost to increase your retirement savings in order to reduce the risk of running out of retirement funds, thus ensuring that you can retire with greater peace of mind.
This benefit is available on the Discovery lump-sum Retirement Plans and Preserver Plans. The boost will be proportional to the amount invested in Discovery Funds and will vest into your lump-sum Retirement or Preserver Plan at your selected retirement date.
Your clients can boost your retirement income by up to 50%
The Retirement Income Investment Integrator is a world-first structure that rewards you for looking after your health and conserving your retirement savings with sustainable income drawdowns. They can get up to 50% extra on your retirement income for 10 years.
The Retirement Income Investment Integrator is available on the Discovery Linked Retirement Income Plan. The boost will be proportional to the amount you have invested in Discovery Funds and will apply for the first 10 years of retirement. The income boosts will be paid directly into your bank account after income tax is deducted.
Regards,Only 6% of South Africans are prepared for retirement. People are living longer, healthier lives, and are therefore living longer in retirement. This leads to a general decline towards financial distress in retirement. This is due to retirement funding having to sustain a desired level of retirement income for longer.
To combat this challenge, people would need to start saving earlier to ensure that they have sufficient retirement savings to fund their lifestyle in retirement. They also need to be increasingly conservative with their income in retirement to ensure that their fund value is not depleted and therefore can sustain their annuity income for longer.
People live longer, leading to assets remaining invested for longer which results in surplus profits. Discovery Invest channels these surplus profits back to them in the form of boosts to retirement funding and retirement income.
Retire with increased retirement savings
You can boost your retirement savings by up to 15% with the new Retirement Upfront Investment Integrator. The boost depends on your term to selected retirement. The longer the term to selected retirement, the larger the boost, a minimum term of 10 years applies to qualify for the upfront boost. Discovery Invest has designed the boost to increase your retirement savings in order to reduce the risk of running out of retirement funds, thus ensuring that you can retire with greater peace of mind.
This benefit is available on the Discovery lump-sum Retirement Plans and Preserver Plans. The boost will be proportional to the amount invested in Discovery Funds and will vest into your lump-sum Retirement or Preserver Plan at your selected retirement date.
Your clients can boost your retirement income by up to 50%
The Retirement Income Investment Integrator is a world-first structure that rewards you for looking after your health and conserving your retirement savings with sustainable income drawdowns. They can get up to 50% extra on your retirement income for 10 years.
The Retirement Income Investment Integrator is available on the Discovery Linked Retirement Income Plan. The boost will be proportional to the amount you have invested in Discovery Funds and will apply for the first 10 years of retirement. The income boosts will be paid directly into your bank account after income tax is deducted.
Tersia van Nieuwenhuizen
Independent Contractor to Discovery Life
Direct: +27 21 975 3199
Fax: +27 21 975 3995
Email: tersiav@ic.discovery.co.za
URL: www.discovery.co.za
An authorised financial services provider - FSP No. 18147
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