Moonstone Information Refinery (Pty) Ltd
Investment Rates

Updated: 24-March-2014	Valid until: 28-March-2014

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.

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. Hollard Life offers access to capital via a partial or full surrender within the 5 year term, subject to the terms and conditions of the policy and the limitations imposed by the Long Term Insurance Act, 52 of 1998.
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. The impact on the values quoted on these pages should be born in mind when comparing data.
8. VAT on commission has been taken in account for Investment Frontiers Old Mutual,Discovery,Hollard Life,ABSA,Sanlam,Clientèle Life,Liberty Life, African Unity and Momentum.
9. 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)
10. " 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.
11. The full maturity value is payable on death (excluding pre-existing conditions – please see the Discovery Invest Fact File for details)
12. Hollard Life’s Guaranteed Growth Plan: Upon death of the life assured, a death benefit will be paid out to the beneficiaries and the policy will cease to exist. Where no previous surrender has been taken, the death benefit is guaranteed to be no less than the initial premium; Where a surrender has been taken from the policy, the death benefit will be the fair value . .

1. * Male 60 alb (DOB 01/01/1954)
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 New Business and Servicing Centre – 086 100 2027
7. For an explanation of the differences between Estate Protect® and a guaranteed term please visit www.paramountlife.co.za
8. Paramount Life use enhanced underwriting when providing annuity quotations. This means that they not only look at age and gender but the lifestyle (income, occupation and smoker status) and medical condition of the annuitants. The lower rate refers to an Accountant earning R70 000 per month with no health issues. The upper rate refers to a nurse earning R10 000 who has serious cardiac issues, high blood pressure and diabetes.
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.

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. Figures quoted by Hollard Life are for annuities paid in advance, however annuities can also be paid in arrears.
4. Hollard Life Guaranteed Income Plan: Upon death of the life assured, a death benefit will be paid out to the beneficiaries. Where no previous surrender has been taken, the death benefit is guaranteed to be no less than the combined initial premium; Where a surrender has been taken from the endowment portion of the policy, the death benefit will be the fair value of the combined premium.
5. VAT on commission has been taken in account for Nedgroup Life ,Sanlam,Investment Frontiers Old Mutual, ABSA, Hollard Life, African Unity and Momentum.
6. 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)
7. 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
   

   Fairbairn Capital Retirement Income Safety Plan

   Initial Guaranteed Minimum Income %	Age Next
   	55	60	65	70
   Male investors	4.00%	4.50%	5.00%	5.50%
   Female investors	3.50%	4.00%	4.50%	5.00%
   Joint Life investors	3.25%	3.75%	4.25%	4.75%

   • As a new generation hybrid, the Fairbairn Capital Retirement Income Safety Plan is designed to provide Investors with a retirement income for life. It offers Investors:
   • the flexibility of a living annuity and
   • the peace of mind of a guaranteed annuity
   • The product consists of two phases;
   • the Living Annuity phase; and
   • the Guaranteed Annuity phase.
   • When the Investors income in a living annuity becomes unsustainable, the contract converts to a guaranteed annuity providing a guaranteed income for life and escalating at 4% p.a. thereafter.
   • The Guaranteed Minimum Income is a Rand guarantee given from inception.
   • Each year the Guaranteed Minimum Income can increase based on responsible drawdown behaviour by the Investor or good fund performance.
   • The Guaranteed Minimum Income will only reduce with irresponsible drawdown behaviour. Poor fund performance will not affect the Guaranteed Minimum Income.
   • Use the Fairbairn Capital INCOME SUSTAINABILITY TOOL which aims to give the investor understanding and control over their income.
   
   The Living Annuity Phase offers the following features:
   
   • Income flexibility;
   • Investment choice; and
   • Death Benefit of remaining capital available to beneficiaries.
      
   For more information, please visit www.fairbairncapital.com

   Annuity codes

   Institute	Annuity code
   Metropolitan	Metquote Codes : D730B F0E29 91288 90181
   Metropolitan	Metquote Codes : 5E7FC 8D717 77C63 B0250
   Momentum	Metquote Codes : 6B654 5184F C4E0B 5036D
   Momentum	Ann : A-4XD2QEB-33F7ORT-YIABRQU
   Momentum	Guar : G-YXD2Q96-J3EOQAD-YKEBBG9
   Old Mutual	Max In : MTWP4T66YYYJYJJHJJHJHHHH36K3KYHJGLD
   Old Mutual	Ann : QV5WK 8UQCR K2GMG WXZH9
   Old Mutual	Bond : 83FKNHZWR5J75CM3W46W4GVSK8UE24BGE5P

   • 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.