Guaranteed Growth is a 5-year endowment with a guaranteed return and tax advantages, giving reassurance for every investor.
Many equity-linked investment plans fluctuate in value, making them unpredictable. Guaranteed Growth, however, offers you a guaranteed maturity value (GMV) through a fixed rate of return annually.
These figures are for illustration purposes only
Minimum investment R100,000
- All your capital is guaranteed
- Enhanced net return on your annuity
- Benefit upon death, which provides a capital guarantee for beneficiaries
- You can get liquidity through one capital surrender
- Your benefits are paid out free of any tax obligation
- Your investment can be used as collateral
- You get a guaranteed maturity value (GMV) through a fixed rate of return annually
Guaranteed Growth Features:
Rates are revised weekly – valid from Monday to Saturday each week, rates are applicable on the date you deposit your funds into the Hollard Wealth bank account and your paperwork is received
Policies begin on the first day of any given month – you’ll be credited with interest from the time your money is received to the date of inception of the endowment policy
The Guaranteed Growth investment plan has a 5-year term – any South African resident between 18 and 80 years old, as well as trusts where the trustees and beneficiaries are all individuals, may invest in Guaranteed Growth
Death benefit – upon death of the life assured a death benefit will be paid out to the beneficiaries and the policy will cease to exist
You can surrender the policy – one part or full surrender may be taken from the endowment portion only. A new policy value and related new maturity value will be calculated using market rates at the time of surrender
Collateral cession – you can use this policy as security to raise a loan from a lending agency or registered South African bank
Outright cession – you can transfer the policy to a new owner (cessionary). The proceeds of the policy will then be paid directly to the new cessionary and not the previous owner or their estate
No capital gains tax (CGT) – under current legislation, maturity is not subject to CGT in the hands of the original policy owner
Your return is guaranteed – provided the policy is in force for the 5-year term
Where no previous part surrender has been taken, the death benefit is guaranteed to be the greater of the initial single premium and the fair value of the policy at the time of claim.
Where a part surrender has been taken from the policy, the death benefit will be the fair value of the policy at the time of claim.
Outright cession – Hollard Wealth will record a cession of the policy upon the receipt of a written request to do so, and will note the cession without expressing any opinion on the validity thereof.
Please contact us should you require any further investment planning tips or help.