Immediate Liquidity Benefit

The Legacy Protection Plan has five plan types, namely Bronze, Silver, Gold, Platinum and Diamond. Each plan type has an indicative gross estate value range, a maximum insured benefit and an inclusive Immediate Liquidity Benefit. Your monthly premium will be determined according to your applicable age band.

Simply put, legal fees related to your deceased estate are recouped from the maximum insured benefit, after providing for the Immediate Liquidity Benefit payment. Therefore depending on your plan type and needs, you can ensure that 100% of such costs are covered in the event of death. Please see the product summary below and refer to the example plan. Medical tests are not required for the Legacy Protection Plan and the Bronze and Silver plan types are completely non-underwritten.

LEGACY PROTECTION PLAN SUMMARY

BronzeSilverGoldPlatinumDiamond
Maximum Insured BenefitR 60 147.74R 134 271.31R 723 252.78R 1 550 480.12R 2 667 577.82
Immediate Liquidity BenefitR 13 189.71R 32 974.29R 79 138.30R 105 517.73R 131 897.16

MONTHLY PREMIUMS

Ages 18 – 45R 42.72R 69.91R 95.68R 125.58R 161.47
Ages 46 – 55R 64.07R 104.85R 143.53R 188.37R 242.17
Ages 56 – 60R 96.11R 157.27R 215.27R 282.54R 363.27
Ages 61 – 65R 144.17R 235.89R 322.91R 423.82R 544.91
Ages 66 – 70R 158.58R 259.48R 430.56n/an/a

DETAIL

1ST SCENARIO

2ND SCENARIO

Gross estate value1R 1 750 000R 5 000 000
Net asset value to be inherited via testamentary trust(s)2R 1 750 000R 3 000 000
Gross value of the property(ies) to be transferred and inherited3R 2 000 000

LEGAL FEES PAYABLE BY THE DECEASED ESTATE

1ST SCENARIO

2ND SCENARIO

Executor fees1R 70 525R 201 500
Initial trustee fees2R 20 125R 34 500
On-going trustee fees2R 354 776R 608 188
Conveyance fees3R 25 875
Total feesR 445 426R 870 063

TYPE OF LEGACY PROTECTION PLAN

GOLD

PLATINUM

Policyholder’s age next birthday33 Years51 Years
Applicable age band18 – 45 Years46 – 55 Years
Legacy Protection Plan monthly premiumR 95.68R 188.37
Inclusive Immediate Liquidity BenefitR 79 138.30R 105 517.73
Maximum insured benefit4R 723 252.78R 1 550 480.12
Percentage recovery of legal fees after immediate liquidity benefit100%100%

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