There are plenty of options when considering local life insurance plans, which provide comprehensive cover, financial security and peace of mind. Other options also enable clients to link their policies to foreign currency exchange rates. However, the only authentic offshore life insurance plan is Discovery’s Dollar Life Plan, which can offer you just as much, if not more, financial security than a local policy.
“Discovery’s Dollar Life plan has a Life Fund which is set up for the life assured. Upon their passing, a lump sum is paid out from this fund to the nominated beneficiaries. The Life Fund allows clients to protect offshore liabilities, as well as guards against any applicable currency fluctuations. There are even possible tax incentives,” says Discovery Life Senior Risk Specialist, Daniel Stoch. Clients can also benefit from the unique Vitality Exchange Rate Protector which provides exchange rate certainty for up to nine years. “This optional benefit on the Dollar Life Plan provides an automatic, upfront 15% discount on the exchange rate for the first three years. Thereafter, clients are provided with two additional three-year periods of locked-in rates. During this time, clients can increase their exchange rate discount by up to 21%,” Stoch explains further.
Clients can access the market-leading Severe Illness Benefit, Discovery Life’s Dollar Capital Disability Benefit and optional cover, including the flagship LifeTime Capital Disability Benefit and the MedTech Booster feature. As well as the Global Treatment Benefit and the Cancer Exome Sequencing Benefit. “This opens clients up to extensive oversees treatment opportunities that may not be available locally,” says Stoch.
These include:
“Discovery Life International is offering a limited offer for new business clients – the R10.90/$ New Dollar Life Plan offer,” shares Stoch.” With economies experiencing much volatility of late, this special offer provides enhanced certainty, value and protection with a set exchange rate of R10.90/$ for the first three years of a policy that is taken out before 31 August 2021.”
“A good offshore life insurance plan gives people more choice and offers an opportunity to diversify their financial portfolio in global currencies like the US dollar. It’s a way for people to maximise the value of their hard-earned rands – and Discovery’s Dollar Life Plan is one such policy that can offer South Africans world-class risk protection and benefits for this,” Stoch concludes.
Speak to your financial adviser today about the New Dollar Life Plan offer.
Discovery Life Limited. Registration number 1966/003901/06, is a licensed insurer, and an authorised financial services and registered credit provider, NCR Reg No. NCRCP3555. Product rules, terms and conditions apply.
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