Estate Planning

Estate Planning

When it comes to life insurance, it’s not so much about what’s in it for you but what’s in it for the people you love and who depend on you financially. Of course nobody likes to think about their own death but it is necessary if you’re going to put a plan in place that ensures the financial future of the people you leave behind.

REMOVING THE FOREIGN ASSET LIMIT FOR ENDOWMENT ACCOUNTS

REMOVING THE FOREIGN ASSET LIMIT FOR ENDOWMENT ACCOUNTS

We are pleased to inform you that we have removed the foreign asset limit for the Allan Gray Endowment, effective 12 December 2018.

Endowment accounts will be allowed up to 100% in foreign assets, up from 60% since April 2018
As Living Annuity and Endowment investors use Allan Gray Life’s foreign asset allowance instead of their own, we need to manage Allan Gray Life’s overall foreign asset exposure to ensure that we comply with the South African Reserve Bank’s exchange control regulations.

The Allan Gray Offshore Investment Platform

The Allan Gray Offshore Investment Platform

As part of our ongoing effort to make our Offshore Investment Platform more accessible to clients, we are pleased to inform you that investors will have the option of using South African rands for lump sum investments into new and existing offshore accounts, effective 12 October 2018. We have negotiated preferential rates with an authorised dealer, who will convert clients’ rands into foreign currency. Minimum investment amounts are shown in the table below.