Clientèle Wealth Plan

DID YOU KNOW . . . 

Less than half of all South Africans over the age of 16 are in a position to save money. You don’t have to be one of them! Choose between the Clientèle Ultimate Foundation Plan and the Clientèle Wealth Plan to get your savings on track.

The Clientèle Wealth Plan is a savings plan that gives you the opportunity to invest on a monthly basis with a trusted partner that has your best interests at heart. With a minimum premium of R300 per month over 20 years, this is a top class investment plan.

• Entry ages: 18 – 74
• Investment Percentage:

*The amount invested will be determined at commencement based on your initial policy premium (which does not include the IFA Business Fee) less the IFA Earnings Guarantee Benefit premium times the relevant allocation percentage. The allocation percentage will not change during the lifetime of the policy (unless premiums are reduced). The percentage invested is as at February 2019 (subject to change). Terms and conditions apply. 

• Earnings Guarantee Benefit - Upon an IFA’s death or total and permanent disability, a lump sum equal to 12 months’ IFA earnings, as per the month prior to the claim event, is paid. In addition, a payment equal to the last monthly earnings earned will be paid for 2 years thereafter. If this is your first product, the first R18.00 of your premium will cover the cost of the Earnings Guarantee Benefit.
• Investment Booster provided no claim or surrender has been submitted in the relevant period: Last 120 Earnings Guarantee Benefit premiums paid are added to your investment account after each 120 Earnings Guarantee Benefit premiums are paid
• Inflation Protection - Built in annual increases protect your policy from the effects of inflation: Premium increases by 10%
• Early Surrender charges - In terms of South African law, you may action a maximum of one partial or one full surrender during the first 5 years of the policy. Remember, though, that in order to get the maximum benefit from your investment, you should invest for the full 20 years. This policy has been designed as a long-term investment and early surrenders will have cost implications. Nonetheless, there is no surrender penalty after 120 premiums (10 years) have been paid. An administrative charge (currently limited to a maximum of R500) will still apply.

For example, if you surrender after having paid 85 premiums and at least 85 months have passed since your policy started, your early surrender charge will be 4.5% (you will receive 95.5% of the value of your investment account less the policy surrender administration charge (currently R500)

What Happens If I Want To Surrender My Policy?

A surrender is when you withdraw some or all of the funds from your investment. You may surrender your policy by contacting us on

• 011 320 3000
• encashments@clientele.co.za

It’s very important to remember that this policy was designed as a long-term investment and it is in your best interest to pay the monthly premiums for the whole term on the policy before surrendering. If you choose to surrender the policy before this time, early surrender charges will apply. These charges are used to offset certain upfront costs which become unrecoverable.

FromR300p/m

Downloads                                 

• Click here to download Annual Effective Cost of the Clientèle Wealth Plan