Boost your Discovery investment
Access to unique investment boosters
Discovery uses the power of integration to reward employees who manage their health through Vitality and have a Discovery individual LIFE PLAN (with Financial Integrator) or Group Risk LIFE PLAN.
Employees will qualify for the Investment Allocation Booster ™ and Group Asset Protector ™ if they are members of the Group Retirement Plan and:
- Are members of a Discovery Life Group Risk Plan OR
- They are the principal life assured or spouse on an individual LIFE PLAN with the Financial Integrator ™
Additional rules for qualification:
- At inception, the term of an employee’s Group Retirement Plan will need to be at least 10 years in order to qualify for these benefits.
- As an employer you need to select the benefit on behalf of all members of the Group Retirement Plan.
- There needs to be at least 6 members in the Group Retirement Plan
The Investment Allocation Booster™
The Investment Allocation Booster ™ will give each employee boosts to their monthly Retirement Plan contributions. The size of the monthly boosts that each employee receives will depend on the number of members in the Group Retirement Plan as well as the Vitality status of each employee. The monthly boosts from the Investment Allocation Booster ™ can be as high as 5%
The Group Asset Protector™
With the Group Asset Protector ™ should an employee experience below inflation investment returns Discovery will top-up the Retirement Plan at the earlier of death or retirement. This is done by comparing the employee’s actual fund value to a fund which would have accrued had the employee’s contributions grown at CPI. If on death or at retirement the actual fund value is lower, it will be topped up. This top-up will be capped, depending on the term to retirement and the size of the employee’s initial monthly contribution.
