Before our meeting
Life Assurance policy 1
R 320 pm (cash value of R1845)
Life Assurance policy 2
R 570 pm (cash value of R1322)
Life Assurance policy 3
R 285 pm (cash value R0)
(total cash values of R3167)
One Discovery life package.
Vitality and the Discovery Card benefits included.
Kate’s Income tax came down by R2160 per year due to a tax deductible income protection benefit.
She will also receive R3167 as cash from her other life policies after termination.
Note that Every 5years she could get up to 60% of her total premiums paid back to her tax free Total premium of R 868 pm.
Total premiums of R868 pm
Kate saves R487 pm
R487 pm + R3167 cash into her Bond saves her R241 592 & reduces her term by
14 months.
10.50% interest
20 year full term bond
R1M loan amount
Kate spent R454.36 at Pick n Pay
| 2 X Jungle Oats | VIT | 35.58 |
| 2 X Fat Free Milk | VIT | 14.98 |
| 2 X Fat Free Yoghurt | VIT | 37.98 |
| Bag of Fruit Special | VIT | 79.94 |
| 3 X Plain Cashew Nut | VIT | 43.47 |
| 2 X Skinless Chicken Breasts | VIT | 87.90 |
| Olive Oil | VIT | 56.99 |
| 3 X Tin Peaches Natural Juice | VIT | 38.85 |
| Washing Powder | 32.79 | |
| Shampoo | 15.39 | |
| Toothpaste | 10.49 | |
| Items (25 Total) | 454.36 |
Kate saves R98.22
By using her Discovery Card, she gets 25% off the healthy
Foods (6000 products) paid back after one month.
| Before | After | Cash Backs | ||
| After 1 month | ||||
| Gym | R350 pm | Gym | R 0 pm | |
| Clicks | R430 pm | Clicks | R430 pm | R64.50 |
| Pick n Pay | R3500 pm | Pick n Pay | R3500 pm | R280 |
| Cape Union Mart | R500 pm | Cape Union Mart | R500 pm | R50 |
| Reggies | R500 pm | Reggies | R500 pm | R50 |
| Exclusive Books | R500 pm | Exclusive Books | R500 pm | R50 |
| Shape Magazine | R20 pm | Shape Magazine | R8 pm | |
| Look n Listen | R120 pm | Look n Listen | R120 pm | R12 |
| Cellphone Account | R400 pm | Autopage Cellular | R400 pm | R60 |
| Total | R 6320 pm | Total | R5958 pm | R566.50 + |
The same lifestyle costing her in actual fact R 5391 pm Kate Saves R 929 |
||||
| Kate needs to travel to Cape Town to visit family | ||||
What Kate would have paid
Return Flight with Kulula
R1200
Europe car rental
R350 per day for 4days totals R1400.
Southern Sun 5star Hotel
R600 per night and stays 4 nights and totals R2400
Total of R5 000 for her 4 days trip
What Kate pays today
Note: She is now a member of Vitality (gold status) and Discovery Card.
Return Flight with Kulula
R 840
Europe car rental
R 280 per day for 4days totals R1120.
Southern Sun 5star Hotel
R330 per night and stays 4 nights and totals R1320
Total of R3280 for her 4 days trip
She saves R 1720
Destination - The Bahamas
British Airways - R15 000 to Miami return ( she pays R 9750 )
Royal Caribbean Cruise liner - for 5 nights R5300
( she gets reimbursed R 1060 after one month )
Total of R 20300
Kate saves R10 810
Destination - Mauritius
She has built up around R40 000 miles by using her Discovery fast miles (R6/ 1mile)
She converts them into SAA voyager to fly to Mauritius.
She booked her accommodation via World Leisure Holidays for a 5day stay.
This costs her R14000
By paying with her Discovery Card she received a further 2916 miles.
One month later she received an amount of R2800 that was paid back into her account.
| Life Assurance savings | R487 pm |
| Retail and Lifestyle savings | R929 pm |
| Total savings | R1416 pm |
This total of monthly savings pays for: |
R1416 pm |
Kate’s new Discovery life package |
R868 pm |
| Left with Savings of | R545 pm |
| The other cash savings from Travel & Leisure | R15 330 |
We could Invest Kate’s R545 pm towards her Retirement phase.
We can protect her investment by having 80% of the funds highest performance guaranteed per day.
She can have some of her life cover paid out to her at her Retirement phase in the form of an extra Retirement income. (plus other boosters)
For Kate this extra income is 166% more nett of tax for 10 years long.
Kate's savings could be subsidized by S.A.R.S. up to 40%.
