Month: February 2021

“When you realise you want to spend the rest of your life with somebody, you want the rest of your life to start as soon as possible” – When Harry Met Sally (1989)

What’s the secret to a long-lasting relationship? For different people, it may be different things, but what they do have in common is a story of love, laughter, and heartbreaks.

The Special Whole Life Assurance Plan is specially matched for the couple who is in it for the long-haul. It works especially well for those who foresee going through the good times and the bad times side by side, each step of the way.

What is the Sacos Special Whole Life Assurance Plan? The Special Whole Life Assurance Plan is a type of permanent life insurance where the policyholder is basically covered for as long as they are alive, providing that premiums are paid in a timely manner.

How does the Sacos Special Whole Life Assurance Plan work? Upon taking a Special Whole Life Assurance Plan, the policyholder will receive 15% of the sum assured every five years, providing that the premiums are paid in a timely manner.

Upon reaching the age of 60, the policyholder stops paying their premium, but still receives the 15% of the sum assured every five years, providing that they had never missed a payment prior to that.

This will stay in place until the end of life of the policyholder.

How do you benefit from a Sacos Special Whole Life Assurance Plan?
A  Special Whole Life Assurance Plan can serve as a source of cash surplus every five years for your major plans and life events. Importantly, after the age of 60, the cash payment can supplement your retirement income and ensure that you maintain a relatively comfortable life well into your retirement age.

Why is it a good match for the long-lasting couple? The Special Whole Life Assurance Plan works well as a gift from one spouse to the other. It ensures that a spouse is well taken care of until the day they pass away. If you pass away by the time your wife reaches 60, your spouse will continue to receive the survival benefits so long as all the premiums had been paid in a timely manner and that your spouse is the policyholder.

For this coming Valentine’s Day, consider taking out a Special Whole Life Assurance Plan for that special someone who has been by your side all these years.

You can also consider the Double Security Plan, for a similar family-oriented life insurance plan.

Interested? Contact us! Send an e-mail to life@sacos.sc or call us on 4 295 000.

As you rack your brains, stressing what to gift that special someone in your life, Sacos has you covered with a one-of-a-kind gift – the Sacos Exclusive Plan.

The Sacos Exclusive Plan is a special savings plan designed to give women more flexibility and options with their life insurance. 

Say you plan to gift her a SCR100,000 insurance policy, for a period of 24 years. Here are some of the benefits you will be gifting her:

• 3-year cash payments: Every 3 years, Sacos will pay her a portion of the insurance amount. In this case, she will receive SCR8,000 as her first payment. Every three years, the cash payment amount will increase.
• Maturity Benefit: Upon maturity of the policy, she will receive the full sum assured, plus accrued bonuses thereon. In this case, she will the full SCR100,00 on the 24th year, in addition to all the interval cash payments she has already received.
• Flexible Policy Terms: In the example above, you have chosen a 24-year savings plan on her behalf. However, you have the flexibility to select a policy term which is conducive to her life goals. Policy terms vary between 12, 15, 18, 21 and 24 years.
• Permanent Disablement Benefit: If she were to unfortunately become permanently disabled before the policy matures, she will receive the full sum assured, plus accrued bonuses thereon.
• Death Benefit: If she passes away before the policy matures, the full sum assured, plus accrued bonuses thereon is payable to her beneficiary, which can be yourself.

With these benefits in minds and Valentine’s fast approaching, consider switching up your gift-giving style by giving her something that she will actually use and benefit from for years.

Call us today on  429 5000 or send an email to life@sacos.sc for more information on Sacos Exclusive Plan.

Gifts do not necessarily have to be expensive to be meaningful; they can be simple, thoughtful and timeless. With Valentine’s Day approaching, a life insurance for a loved one can be the most ideal gift.
Life insurance provides financial security, economic stability and peace of mind for the future. Gifting your loved one a life insurance policy is not only a symbolic gesture of love, but one of commitment. 
It is an investment into your relationship and a promise that you will be around to help your partner fulfill their dreams and goals. You are showing that you care about their future and you are in it for the long run. 
As gifts go, this is one which promises to benefit everyone in the family. If you already have children together, your gift to your partner provides additional protection for the whole family. It helps to build the household’s wealth and a source of future income. It provides a buffer from sudden financial loss should anything happen to one of the parents (the policyholder). 
With a life insurance policy, the family can easily plan for any significant life event, such as school/university tuition, starting a business, purchasing a car, building a house, going on a holiday, or even building a retirement fund.
While your child may not fully appreciate the benefit of life insurance gift today, why not consider them in your current plans? They will thank you tomorrow for thinking of their future – for giving them a leg to stand up in life as they come of age and prepare to leave the nest. 
At Sacos, we have a wide range of life assurances to meet anyone’s needs. Click on our website to find more information on our insurance products:

• Double Security Plan
• Endowment Assurance Plan
• Junior Plan
• Sacos Exclusive Plan
• Sacos Special Plan
• Special Endowment Assurance Plan
• Special Whole Life Assurance Plan

Get in touch with us by calling us on 4 295 000 or send us an e-mail to info@sacos.sc for more information on an insurance which is just right for you and your loved ones.