Discovery's Dollar Life plan

Lock-in a preferential exchange rate of R9.90 to the dollar

You can now get life insurance in the world's most widely used global currency, the US dollar, at this preferential exchange rate for the first three years of your policy.

Why consider Discovery's Dollar Life Plan?

Comprehensive protection

The Dollar Life Plan provides a payment if you pass away. It also includes the option to extend your life cover to provide protection in the event that you become disabled.

Get certainty through fixing the rand/dollar exchange rate

The Exchange Rate Protector enables you to have additional premium certainty through fixing the rand/dollar exchange rate applied to your dollar-denominated premium for three years.

You're always protected

By selecting the Minimum Protected Fund, your life cover will never drop below a specified minimum dollar amount - no matter how many times you claim.

 
 
 
 

Get rewarded for managing your health

If you link your Dollar Life Plan with your medical aid plan administered by Discovery Health or your Vitality products, you can enjoy a premium discount of up to 20%. You could also qualify for a Dollar PayBack Fund of up to 335 times your initial monthly life cover premium. This Fund grows every year in line with US inflation and takes into account how well you manage your health and wellness. At the age of 65, or 20 years after you qualify for the Dollar PayBack Fund (whichever is later), 100% of your Dollar PayBack Fund will be paid into your offshore or local bank account.

You can supplement your retirement savings

The unique Buy-up Cash Conversion benefit allows you to supplement your retirement savings through a tax-free lump-sum payment in dollars at the age of 65. This payment won't reduce the value of your life and disability cover in any way.

If you have a Dollar Discovery Retirement Optimiser, you can channel your unused life cover into additional retirement income in dollars from the age of 65, boosting your retirement savings in hard currency. You can further maximise your retirement savings through fee discounts and boosts.

Or find out more about Discovery's other life insurance products:

 
 
 
 
 
 
 
 
Guernsey/Dollar Life: The Discovery Dollar Life Plan is issued by Discovery Life International, the Guernsey branch of Discovery Life Limited (South Africa), licensed by the Guernsey Financial Services Commission under the Insurance Business (Bailiwick of Guernsey) Law 2002 to carry on long-term insurance business. The Discovery Dollar Life Plan is also subject to the South African Long Term Insurance Act of 1998.
Discovery Life Limited. Registration number 1966/003901/06, is a registered long-term insurer, and an authorised financial services and registered credit provider, NCR Reg No. NCRCP3555. This article is meant only as information and should not be taken as financial advice. For tailored financial advice, please contact your financial adviser.
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