Savings Plan

FutureBuilder-Savings-Plan


Metropolitan FutureBuilder Savings Plan can also help you save towards your education needs in the short, medium or long term.



For more information, call the Metropolitan Call Centre on 0860 724 724.






How long do I want to save for?


The time period that you choose to save for is called a term. You can choose a term between five and 15 years.


How much should I save?


The amount of money you can afford to pay for your savings goal is called a contribution. Monthly contributions start at R200 and a single contribution starts from R20 000. You can also make a single payment in addition to your regular monthly contribution.


Where is my money invested?


Your money will be invested in the Metropolitan Smooth Bonus Fund. With a smooth bonus fund you benefit from steady investment growth with stable, long term returns.


What are the benefits and features?


Automatic Inflation Management (AIM)
This benefit helps your savings to keep up with the rising cost of living (inflation). You can choose to increase your savings contribution each year by a fixed percentage.

Premium waiver on death
You can add this benefit to protect your savings from certain life events. If you (the person paying the contributions) pass away, Metropolitan will continue paying contributions on your behalf and pay out your savings to your nominated beneficiary at the end of the savings term. If your nominated beneficiary is deceased or we do not have the correct contact details, Metropolitan will pay your savings to your estate.

Premium waiver on disability
You can add this benefit to protect your savings from certain life events. If you become disabled and the disability affects your ability to do your work, Metropolitan will continue paying your savings contributions until the end of the savings term.

Beneficiary of ownership
When you apply for the plan, you can also choose a beneficiary for ownership. If you choose a beneficiary of ownership, he/she may take ownership of the plan and continue paying the contributions until the end of the savings term.

Contribution pause
If you become unemployed, fall pregnant, start full-time studies or suffer from a major illness, you can stop your monthly contributions for a limited time, provided the plan has a certain value (called a paid-up value).


What are the rules?


Entry age
The FutureBuilder Savings Plan is available to men younger than 70 years old and women younger than 77 years old.

Withdrawal
By law, you will be allowed one withdrawal during the first five years on your savings plan and you will pay a fee. After five years you are allowed to take one withdrawal (certain limits apply) every year and you will pay a fee.


Get financial advice

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Or call us on 0860 724 724

savings


Need to claim?

Call us on 0860 724 724

or visit your nearest Client Service Office