Services

The fundamentals of all financial planning and the securing of a family's financial future and independence relies on the premise that the normal monthly cash flow that comes into the household, continues to come into the house irrespective of whether you are alive, dead or permanently disabled.

Without the cash flow the family unit is at very serious risk of huge financial upheaval unless there are large cash reserves that can be used to replace your salary. In the place of large cash reserves, the use of life assurance and disability benefits are the most cost effective method of providing sufficient money should you become permanently disabled or die.

These benefits should be regarded as the very foundation of your financial planning and should at no time be terminated.

We offer the following products:

• life cover
• occupational disability
• impairment benefits
• functional impairment
• monthly income disability
• dread disease cover

Meyerowitz’s description of estate planning includes the following – “The arrangement, management and securement and disposition of a person’s estate so that he, his family and other beneficiaries may enjoy and continue to enjoy the maximum from his estate and his assets during his lifetime and after his death, no matter when death may occur.”

This planning quantifies:

• executor's fees
• estate duty payable
• illiquidity in the estate
• the importance of timeously completing the process
• action that must be implemented to minimize the above

The only requirement a person needs in order to enjoy a long, happy and rewarding life is good health. Good health comes at a price. The high incidence of low cost occurrences (GP consultations, prescriptions, etc) can, under normal circumstances, be financed out of normal cash-flow but the low incidence of high cost occurrences (protracted hospitalization) can be financially devastating.

It is incumbent on all families to consider the dangers of not investing in their health through medical aid benefits.

Due to late joiner penalties it is counterproductive to wait until advancing age causes an increase in the amount of medical provision a person requires to maintain a healthy lifestyle.

Administrators represented:

• Bonitas
• Discovery
• Fedhealth (Maxima and Ultima options)
• Liberty Medical Scheme
• Medshield
• Resolution Health
• Medihelp
• Momentum

GAP Cover by PSG Consult

In many instances members find themselves out of pocket for hospital related expenses due to the providers charging more than the medical scheme reimbursement rate.

These expenses are quite often unexpected and not budgeted for. The main purpose of gap cover is to assist you financially should you incur shortfalls on hospital related expenses.

Care

Covers the shortfalls on authorised in-hospital procedures as a result of the provider charging more than the medical scheme reimbursement rate.

Xtra Care

Covers the shortfalls on authorised in-hospital procedures as a result of:

• the provider charging more than the medical scheme reimbursement rate;
• co-payments on procedures;
• upfront deductibles, and/or;
• sub-limits on procedures.

Xtra Care Ultimate

All the benefits of Xtra Care plus a lump sum R2 500 maternity benefit and R5 000 emergency casualty cover.
In addition to the above benefits, the policy can also be enhanced by adding a funeral benefit of R5 000, R10 000 or R15 000.

HEALTHCARD by resolution

The Healthcard is a Visa Electron Debit Card, issued by Mercantile Bank Limited and can be used to purchase goods and services at any Medical Service Provider who avails of a Point of Sale Terminal facility,

i.e. (Credit Card Machine) 

Benefits of the HealthCard

• Any person over the age of 18 years can apply for the HealthCard regardless of whether they belong to a medical scheme, have medical insurance, or have no medical cover.
• Acts as a day to day benefit to either add to a Hospital only medical aid option or to increase your current day to day allocation..
• Immediate financial relief at times when unexpected medical conditions occur and you do not have sufficient day to day on your medical aid. 
• Payment receipts can still be submitted by you to your medical scheme for a refund out of available benefits according to your scheme’s rules.
• This manner of paying for goods and services upfront creates a way of lowering costs against your medical aid benefits and stretches these benefits further for the year. Most people run out of benefits during the last quarter of the year.

A properly constructed investment portfolio contains three elements:

• Firstly, a fund of money should be developed which can be used should an emergency arise. The emergency fund should contain sufficient money to cover normal monthly expenses for at least three months.


• Secondly, a medium term portfolio should be developed for any expense arising within the next three to five years.


• Thirdly, capital for long term goals must be accumulated.

Products include:

• Endowment contracts
• Linked Investment Service Provider contracts
• Savings plans
• Unit trust accounts
• Bank products

Of all South Africans reaching retirement age:

• 45% will be dependant on family
• 30% will still be working
• 15% will be dependant on a state pension
• ONLY 10% OF SOUTH AFRICANS WILL RETIRE FINANCIALLY INDEPENDENT!

Which category do you fall into?
Which category would you like to be in?

The products we offer include:

• Pension funds
• Provident funds
• Retirement annuity contracts
• A wide range of investments

There are many reasons why a retirement benefit fund is an integral and essential part of every employer's staff remuneration package. A number of the more compelling reasons are:

• Social pressures. The public at large is rapidly accepting and demanding facilities for proper retirement planning. The employer who denies these facilities to staff is probably going to encounter pressure to provide them. Trade unions have played, and will continue to play, a leading role in demanding adequate benefits for their members. Government has also recognised the necessity for proper and adequate retirement provision by initiating a compulsory national retirement plan.


• Moral pressures. Few employers can bring themselves to bid farewell to a retiring employee of dismiss the spouse of a deceased employee with a few well chosen words and no monetary payment. In addition, the effect on the morale of the workforce of doing this could be quite disastrous.


• Economic pressures. More importantly, many employees, when left to their own devices, either make no provision, or inadequate, for retirement. They become a financial burden on the employer who may attempt to help them financially out of cash flow. It is far easier and orderly to build up a fund of money over the employee's working life by way of regular monthly contributions into a retirement fund.

Employer contributions are tax deductible within limits as are employee contributions to a pension fund. Attractive tax-free allowances at retirement are available to all members of registered and approved funds.

Properly communicated to employees, a retirement fund will retain key personnel who would otherwise seek employment where these benefits are on offer.

The products we offer include:

• pension funds
• provident funds
• corporate retirement annuity packages
• group life assurance
• group disability schemes
• group funeral funds
• dread disease packages
• spouse's and orphan's pensions
• trusts
• housing assistance

Personal life assurance is generally taken out for the purpose of providing a solution to the financial problems which may arise on the death, disability or retirement of the breadwinner in a family. In the same way, business assurance aims at solving the problems that arise on the death, disability or retirement of a partner, shareholder in a company, member of a close corporation, sole proprietor or keyperson. But what makes business assurance particularly significant is that besides providing for all that personal insurance does, it does much more. It provides for business continuity and even for strengthening the business structure.
- Corporate and Personal Financial Planning 2007

We offer the following products:

• life assurance
• term cover
• disability cover
• severe illness benefits
• endowment policies