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The Clientèle Ultimate Foundation Plan has been designed by Clientèle Life to help IFAs build strong insurance foundations.
Create a strong foundation for your life from R300 per month. The Clientèle Ultimate Foundation combines life insurance with a strong savings component to enable you to invest for the future while preparing you and your family against the unforeseen.
Life Foundation (R150)
Premium Pay Back Benefit
All Life Foundation premiums paid, are paid back in the event of the natural or accidental death of the Policyholder after a 6 month waiting period.
Premium Pay Back option at 65
The insured life also has the option to receive a portion of the Life Foundation premiums paid back in cash at age 65. The remaining premiums due for the Premium Pay Back Benefit will be payable to the Beneficiary on death of the Insured Life.
IFA Business Fee Pay Back Benefit
All IFA Business Fees paid, are paid back in the event of the natural or accidental death of the Policyholder after a 6 month waiting period.
IFA Business Fee Pay Back option at 65
The IFA has the option to receive 50% of his/her IFA Business Fees paid back in cash at age 65, if they still an IFA. The remainder due for the IFA Business Fee Pay Back Benefit will be payable to the beneficiary on death of the Insured Life.
From the first month 95% of the Savings Foundation premium starts accumulating an investment value, i.e. 95% of R150.
Earnings Guaranteed Benefit. Upon an IFA’s death or total and permanent disability, a lump sum equal to 12 months’ IFA earnings, as per the month prior to the claim event, is paid. In addition, a payment equal to the last monthly earnings earned will be paid for 2 years thereafter.
Investment Booster provided no claim or surrender has been submitted in the relevant period: For every 60 premiums paid the first 6 months’ Life Foundation premiums will be paid into the Savings Foundation.