Start now – give your children the best gift of all… a great retirement for yourself.

What is the Sandwich Generation?

This is a generation of people mostly aged 25 – 50 years old,
who find themselves with the challenge of caring for their aging parents financially and even physically, while supporting their own children.

These days the elderly are living longer. And young adults rely heavily on their parents for financial support due to increased economic challenges. This results in 23% of South Africans currently struggling in this financially pressured position.

Why is the Sandwich Generation at risk?

• They struggle to pay their debts.
• Their living expenses are higher.
• They can’t save enough for their own retirement.

Because the Sandwich Generation is more financially stressed, they are forced to use more credit. Having more debt leads to bigger monthly repayments. Bigger repayments put pressure on monthly savings which leads to insufficient savings for retirement. This means that their children will likely find themselves being the Sandwich Generation of the future. And so the vicious cycle continues…

What is the solution?

Avoid placing the burden of the Sandwich Generation on your children or even unborn children by starting to save for your retirement today. Remember even the smallest steps in the right direction can help you achieve great things over time.

And, if you’re struggling as part of the Sandwich Generation, it’s important to get expert advice as soon as possible. It’s crucial to avoid dipping into or reducing your retirement savings, whether you’re part of the Sandwich Generation or not. This will ensure that your children won’t find themselves in the Sandwich Generation in years to come.

The benefits of Old Mutual Max Investments

• Payment flexibility – you can select to pay premiums as and when convenient (these can include lump sum and scheduled investments) in the Select Investment Plan or you can commit to a regular program of saving using the Committed Investment Plan.
• The option of 100% investment allocation on the Committed Investment
  Plan – so all of your money can start working for you from day one.
• Lower charges.
• Tax efficiency.
• Value for money.
• Premiums can be directed into one or a combination of investment funds.
• Premium Protection Benefits are available on the Committed Investment
  Plan to ensure that investment goals are met in the event of death and/or
  disability.
• Investment expertise – you have automatic access to the funds managed
  by Old Mutual Asset Managers – and can take advantage of their proven track record and investment expertise.

a) Sanlam Cumulus Investments

The Sanlam Cumulus Investment offers additional allocations as well as loyalty bonuses – making the investment grow even faster.

Features

• Monthly payments from R1 000.
• Additional allocations – every investment from R2 500 per month or more is boosted with an additional allocation to maximise savings.
• Loyalty bonuses – part of the marketing and administration charge is refunded, ensuring enhanced value-for-money.
• No alteration charge – if payments are reduced or stopped at any time or if the policy is terminated after 2 years.
• Best of breed investment funds – across all risk levels and asset classes were carefully selected by Sanlam, offered at the lowest possible cost to maximise returns.
• Sanlam Escalating funds – include a built-in unit price guarantee that allows for protection in uncertain times.
• The Vesting Bonus Fund, which provides smoothing of investment returns, is also available.
• Effective annual cost (EAC) among lowest compared to its peers – proof of the cost-efficiency of the Cumulus Investments endowment.
• Open-ended investment after the initial term – allows for ad hoc/regular withdrawals.

b) Stratus Linked Investment – Committed Plan

The Stratus Linked Investment – Committed Plan offers loyalty bonuses as well as access to investment funds with an optional guarantee.

Features

• Monthly or one-off payments low enough to ensure access for most clients.
• From R500 per month or one-off R10 000 (ad hoc R5 000).
• Initial term of at least 5 years.
• Loyalty bonuses – part of the marketing and administration charge is refunded, ensuring enhanced value-for-money.
• Investment funds across all risk levels and asset classes were carefully selected by Sanlam, offered at the lowest possible cost to the client.
• Certain investment funds offer an optional guarantee.
• Temporary financial difficulty – a payment holiday of up to 12 months may be requested (terms and conditions apply).

Related Products

Stratus Linked Investment – Flexible Plan

The Stratus Linked Investment – Flexible Plan offers access to investment funds with an optional guarantee.

Glacier Investment Plan

The Glacier Investment Plan offers a wide range of collective investment funds and is aimed at affluent clients.

Note: Investment funds are also available for selection across a variety of Satrix unit trust funds.