Short term insurance
Auto & General, SANTAM, Zurich, Alexander Forbes and Warwick Private Wealth Short Term Cover offer members a choice of specially designed short term (home and motor vehicle insurance) products for seniors. These policies offer benefits not normally provided to members of the public at these prices, examples of which are: no excess payments, a wider spectrum of cover, additional benefits such as funeral cover being included in the policy and the like. We have staff who are trained to deal with the necessary insurance contracts and who are registered with the FSB (Financial Services Board) as an intermediary, hereby enabling us to offer you advice in this area of your needs. e-mail us for a quotation right now
Reverse Mortgages / Home Equity Release Contracts
These financial instruments are probably the last major financial transactions one should enter into in one's lifetime. The reasons, inter alia, being that the transactional costs and interest rates are high, but given the correct circumstances they are an ideal solution where no other alternatives exist – especially for the more senior of senior citizens who are property rich and cash flow poor and who wish to provide an additional fixed income for life without perpetuating the hassles associated with money management late in life.
We have been instrumental in the establishment of SAHERPA (South African Home Equity Release Protection Association) which monitors member companies offering Reverse Mortgages in South Africa provided that they meet with acceptable standards of consumer protection. Ethically acceptable standards are also monitored. In the very best interests of people making use of this method of obtaining finance, SAHERPA has an annual audit of all transactional documents done to ensure that approved supplier members of SAHERPA comply with the accepted code of ethics. Details of the code of ethics, generic details on Equity Release products and more are available at the SAHERPA website
SAARP obtains no remuneration whatever out of any of these transactions, but believes it is serving the best interests of members by remaining actively involved in the association.
Funeral policies
SAARP has negotiated a NEW Funeral Plan with value added benefits exclusively for all SAARP members.
Benefits on the NEW Funeral Plan:
- Family Funeral Cover with full paid-up benefit (Spouse enjoys cover without paying any further premiums after the death of the main assured)
- Only a 3-month waiting period for death due to natural causes (Immediate cover as soon as application is processed for accidental death)
- Optional benefits: Income Bridging, Airtime and Vehicle Access Benefit (see below).
The SAARP Funeral Plan offers a CASH pay-out to the nominated beneficiary. Double the assured amount is payable in the event of an Accident plus Doves offers a R1000 cash-back certificate on the burial service (you will receive a 'Final Wishes' Doves brochure with your cerfiticate).
Optional benefit: Income Bridging
In the event of a covered person's death occurring, the surviving family is provided with
R500 or R1000 cash pay-out every month for 6 months.
Optional benefit: Airtime Benefit
In the event of a covered person's death occurring, the surviving family is provided with:
Airtime to the value of R250.
Across ALL networks, a secure pin sent via SMS to the nominated cell phone number.
Airtime is sent
immediately with notification of the claim.
Optional benefit: Vehicle Access Benefit
In the event of a covered person's death occurring, the surviving family is provided with:
Avis Car Rental for a period of 3 days.
Unlimited mileage, Category C vehicle (Aircon, Power steering, Airbags, ABS, etc).
Rental Car benefit can be utilized in the first 6 months after the insured's death.
To apply, contact us for an application form.
Funerals
Members get a special discount for services from Doves Undertakers. This is given to members who are able to produce their SAARP membership card when requiring these services. There is no cost involved in qualifying for the benefit.
Estate planning
We also have a special advisory service in conjunction with Warwick Trust who do a full spectrum service in this regard, from wills and trusts to estate planning and acting as executors for estates. They will visit you at your residence and at your convenience. They also have an investment division at your disposal. Contact them by phoning our offices at 021 592-1279 or phoning 0800 50 60 70.
In addition to this we also have an “arm’s length” telephonic / fax / e-mail service providing the same service for members who have simple requirements in terms of their wills and estates. This service is provided by an attorney specialising in these fields. They are also able to act as executors for estates and handle this on a personal and confidential level.
They can be contacted by:
e-mail: pme@telkomsa.net
fax: 021 913-4304
telephone: 021 913-8924
Remember to supply your contact details to them in your communication.
Tax
Tax returns and changing tax laws can be a terribly frustrating experience. We have a long-distance Tax Advisory Service that will deal with your tax hassles at a discount of 35% off normal tariff charges and your electronic submissions will also be done for you. DLA are tax specialists who are equipped to handle your tax hassles by fax or e-mail no matter where you live.
Their contact details are:
e-mail: tax@dla.co.za
fax: 086 688 7788
telephone: 079 886 8835
or you can even write to tax@dla, PO Box 646, Edgemead, 7407.
Remember to supply your contact details to them in your communication. All matters will be treated with the utmost confidence.