Capital Preservation Income Option

capital-preservation-income-option


The Metropolitan Capital Preservation Income Options – Investment Income Plan gives you an income for life while preserving all or a part of your capital contribution. The portion of your money that you choose to preserve will be paid to your loved ones when you pass away.

You can choose to invest money from inheritance, withdrawals from other investments, sale of property, bonuses, salary, dividends, etc. into the Metropolitan Capital Preservation Income Options – Investment Income Plan.



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




How long do I want to save for?


Your investment into a Metropolitan Capital Preservation Income Options – Investment Income Plan is for life.


How much should I save?


You can invest a minimum single contribution of R50 000 or more. You can only make one contribution into the Metropolitan Capital Preservation Income Options – Investment Income Plan with money from inheritances, donations, maturity of and withdrawals from other investments, sale of property, bonuses, salary or dividends received.


What are the benefits and features?


Income for life and preserve your capital
You are paid an income for life. You may choose to preserve between 25% and 100% of your initial investment which will be paid to your beneficiaries when you pass away. The income payments can be monthly, quarterly, half-yearly or yearly.

Income Boost options
There are two options available for additional boosts to your income while the portion of your investment you would like to preserve will gradually reduce over time. These Income Boost options are ideal if you have younger dependants or outstanding debt. Speak to your Metropolitan financial adviser for guidance on choosing an Income Boost option that is best suited to your needs.

Choose between a level or increasing income
You can choose a level income if you want your income to stay the same throughout the term. The other option is to increase your income by between 3% and 15% every year.


What are the rules?


Entry age
Anyone between the ages of 22 and 86 years old can apply.

Cooling off period

Cessions
You can cede both the preservation portion (life cover) and the income portion (annuity). You can cede these to two different persons or institutions.

Loans
You will not be allowed to take a loan on your investment in a Metropolitan Capital Preservation Income Options – Investment Income Plan.

Cancelling the plan
You can cancel the plan at any time. You will be required to cancel both the income portion and the preservation portion at the same time. Speak to your financial adviser before you decide to cancel your plan. Metropolitan will calculate an early termination value that will be paid when you cancel the plan.


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