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A Dollar Life Plan has become even more valuable in the face of recent currency volatility

 

With the recent macroeconomic uncertainty, both locally and abroad, the US dollar has shown significant strength, resulting in a decreased rand dollar exchange rate.

It is during times like these that your decision to diversify your risk protection through your Dollar Life policy becomes more important and more valuable than ever before.

A good example is that your cover (denominated in US Dollars) would have increased  automatically, by approximately 20% in Rand terms due to the recent currency movements between January 2023 and May 2023.

 

Premium certainty can be enhanced

 

Clients can benefit from additional premium certainty through the unique Exchange Rate Protector, which provides exchange rate certainty by locking in a discounted exchange rate applicable to your monthly premium for a period of time.

Get rewarded in dollars for your healthy living

 

Clients may be eligible to receive a percentage of their qualifying premiums back, based on how they manage their health and wellness through the Discovery Vitality programme. Payments are paid in US dollars directly into an offshore bank account.

The Buy-up Cash Conversion benefit is available at an additional premium, enabling you to receive a percentage of your life cover as a tax-free lump sum that is paid out in US Dollars at age 65. If you are younger than 56, you are able to increase your Buy-up Cash Conversion benefit or add the benefit to your policy.

 

Financial advice remains important!

 

It is during volatile and uncertain times like these, that quality financial advice becomes even more important. This has been clearly demonstrated through  wise financial decisions to diversify  risk protection through a Dollar Life Plan.  Free quotations are available.