Moonstone Information Refinery (Pty) Ltd
Investment Rates

Updated: 05-June-2017	Valid until: 09-June-2017

This information is supplied as part of our commitment to support and strengthen independent financial advisors. The information contained below is part of our growing product research offering.

In order to understand the difference between guaranteed (G) and linked (L) rates, kindly click here for a detailed explanation.

1. A linked policy is defined in the long term Insurance Act of 1998 as: "...a long-term policy of which the amount of the policy benefit is not guaranteed by the long-term insurer and is to be determined solely by reference to the value of particular assets or categories of assets which are specified in the policy and are actually held by or on behalf of the insurer specifically for the purposes of the policy."
2. A company's Capital Adequacy Ratio (CAR) is the actuarially determined excess of assets over liabilities. The CAR provides a buffer against experience worse than that assumed in the financial soundness valuation.
3. * Capital Gains Tax has been taken in account on the quoted rates of return at the current tax rates for individuals. However if the tax rate for CGT changes the additional tax will be recovered from the returns of the investment (contact institution for details)
4. ** Initial investment is R 100,000.
5. *** Initial investment is R 1 million.
6. Funds received before or on the 15th of a month will have an entry date of the first of that month. Funds received after this will have an entry date of the first of the following month. The impact on the values quoted on these pages should be born in mind when comparing data.
7. VAT on commission has been taken in account for Old Mutual Wealth ,Discovery,,ABSA,Sanlam,Clientèle Life,Liberty Life,and Momentum.
8. Capital Gains Tax has been taken in account on the quoted rates of return at the current tax rates for individuals. Any change in the tax rate for CGT will not affect the returns of the investment (contact institution for details)
9. " Clientèle Life 's Guaranteed Growth Plan Initial Capital and Interest rate is guaranteed back to the beneficiary when they elect to surrender the policy at death at any given time during the five years.
10. The full maturity value is payable on death (excluding pre-existing conditions - please see the Discovery Invest Fact File for details)
11. The returns for the Guaranteed-return Single-premium Policy may change during the week. Please refer to Assupol Life for their latest rates.
12. Liberty advises that, as of Monday, 9 May 2016, its minimum premium on the "Guaranteed Investment Plan" and "Guaranteed investment plan - income option" increased to R150 000. Investments above the new value will be subject to the same standard rates and enhancements applicable in the past.
13. Old Mutual Wealth - Underwritten by Clientèle Life.
     

1. * Male 60 alb (DOB 01/01/1957)
2. ** Male and female 60 alb
3. 0% Tax deducted
4. Escalation at 5% per Annum
5. Metropolitan Life Annuity Quotation Line for quotations and information- call 0860 99 00 99
6. Paramount Life uses the Estate Protect benefit with pattern 50,10,10 to match a 10 year guarantee term
7. Funds received before or on the 15th of a month will have an entry date of the first of that month. Funds received after this will have an entry date of the first of the following month. This will impact on the values quoted on these pages, and should be born in mind when comparing data.

1. * Male 60 alb (DOB 01/01/1957)
2. ** Male and female 60 alb
3. 0% Tax deducted
4. Escalation at 5% per Annum
5. To request an enhanced annuity contact the Paramount Life New Business and Servicing Centre – 086 100 2027 or quotes@paramountlife.co.za
6. For an explanation of the differences between Estate Protect® and a guaranteed term please visit www.paramountlife.co.za
7. Paramount Life uses underwriting when providing annuity quotations to enhance retirement income. This means that they not only look at age and gender but also the lifestyle (income, occupation and smoker status) and medical condition of  annuitants. Multiple rates are shown above to illustrate the effect of these rating factors.
   - the Lower Rate refers to the income for an annuitant who works in a manual occupation and/or receives a low income e.g. a cashier earning R8 000 per month with no medical diagnoses.
   - the Average Rate refers to the income for an average retiree with minor medical and/or a low income and/or a manual occupation and/or who is currenlty smoking e.g. an administrator earning R13 000 who currently smokes with minor medical diagnoses.
   - the Upper Rate refers to the income for a retiree with  serious medical diagnoses e.g. a nurse earning R10 000 p.m. who has/had serious cardiac issues, high blood pressure and diabetes.
   (Each combination of medical and lifestyle factors results in an individualised annuity rate for each retiree).
8. For more information on enhancing retirement income go to www.paramountlife.co.za
9. Funds received before or on the 15th of a month will have an entry date of the first of that month. Funds received after this will have an entry date of the first of the following month. This will impact on the values quoted on these pages, and should be born in mind when comparing data.

1. * Male 60 alb (DOB 01/01/1957)
2. ** Male and female 60 alb
3. 0% Tax deducted
4. Escalation at 5% per Annum
5. Funds received before or on the 15th of a month will have an entry date of the first of that month. Funds received after this will have an entry date of the first of the following month. This will impact on the values quoted on these pages, and should be born in mind when comparing data.
6. The annuity will vary depending on a number of socio-economic, lifestyle and medical factors. As examples:
   - “Low” would apply for a mild condition such as high blood pressure, cholesterol, overweight or diabetes.
   - “Medium” would apply for a moderate condition such as diabetes, liver diseases, epilepsy, moderate obesity, or a combination of mild conditions.
   - “High” would apply for a more severe condition such as a heart disease, cancer, severe stroke, severe obesity, uncontrolled diabetes or a combination of less severe conditions.
7. Please see http://www.justsa.co.za/ for more details.

A linked policy is defined in the long term Insurance Act of 1998 as: "...a long-term policy of which the amount of the policy benefit is not guaranteed by the long-term insurer and is to be determined solely by reference to the value of particular assets or categories of assets which are specified in the policy and are actually held by or on behalf of the insurer specifically for the purposes of the policy."
1. Income is guaranteed/secured for a five-year term after which the capital is guaranteed back to the investor.
2. * Investor should not have to pay capital gains tax (contact institution for details)
3. Nedgroup Life pay monthly in advance as opposed to other institutions that pay monthly in arrears.
4. VAT on commission has been taken in account for Nedgroup Life ,Sanlam,Investment Frontiers Old Mutual, ABSA,and Momentum.
5. The full maturity value of the endowment policy is payable on death (excluding pre-existing conditions – please see the Discovery Invest Fact File for details)
6. Clientèle Life's Guaranteed Income - Annuity with Capital Guarantee: VAT is taken into account on the plan and the value will not change for Vat-payable brokers or non VAT-paying brokers. The initial capital amount is guaranteed back to the beneficiary when they elect to surrender the policy at death at any given time during the five years at a different quotation.
   

    

   Guaranteed Escalator Annuity from Discovery Invest

   Initial annual Guaranteed Minimum Income percentage	Age Next
   	56 - 60	61 - 65	66 - 70	71 and older
   Male investors - starting annual guarantee	3.25% per year	3.50% per year	3.75% per year	4.25% per year
   Female investors - starting annual guarantee	3.00% per year	3.25% per year	3.50% per year	4.00% per year

   
   
   • The Guaranteed Minimum Income is a Rand guarantee given from inception.
   • Each year, if the guaranteed unit price of an Annuity Escalator Fund chosen reaches a new highest value, the Guaranteed Minimum Income will increase to a new level for life.
   • Investors have the flexibility to choose an annuity income of between 2.5% and 17.5%. Certain restrictions may apply in order to maintain the Guaranteed Minimum Income.
   • A comprehensive range of Annuity Escalator Funds are available, each allowing unlimited market upside potential while protecting against market downturns.
   • The full remaining fund value is paid out on death, ensuring no part of the investment is forfeited in the event of an untimely death.
   
   For more information, please visit www.discovery.co.za

   Annuity codes

   Institute	Annuity code
   Metropolitan	Metquote Codes : 861B9 74D74 EE97E F01DD
   Metropolitan	Metquote Codes : 68F86 F02DA C8858 E02F8
   Metropolitan	Metquote Codes : 55F15 035AF 5239C 703D1
   Momentum	Ann : A-MHDOQEF-T4G7OIF-FUABRI3
   Momentum	Guar : G-YHDOQ9L-J4HOQ9B-FKGBBG9
   Old Mutual	Max Income : AVKZZ3JJJYJJYJJJHHHHHHH3KEWNK3HHF69
   Old Mutual	Ann : WY42A VXHM8 FWJ3J XDT5T
   Old Mutual	Bond : QZGUUUUUUUUUUUUUUUUUUUAPUUUUUUUMQSC

   
    
   • All the information in the tables was generated from official quotation packages supplied by the different companies.
   • The percentage return for the guaranteed investment plans was determined by expressing the maturity benefit as a percentage of the initial investment amount and may differ from the percentages calculated on the official quotation packages.
   • Although great care is taken to ensure accuracy, Moonstone Information Refinery (Pty) Ltd. cannot accept responsibility for any errors and advisors are urged to verify any actual quotation to clients with an official quotation from the financial institution.
   • This information is copyrighted by Moonstone Information Refinery (Pty) Ltd. and may not be duplicated without written permission.
   
   For further information or comments please contact us at info@MoonstoneInfo.com or visit our website http://www.MoonstoneInfo.com.