Dorchester SuperLife gives you Free* Life Insurance Cover of $30,000.
No questions asked.
PLUS you could have $17,578 in the bank**
*Investing just $30 per week in a Dorchester SuperLife Savings Plan gets you 'FREE life
insurance' and in 10 years, you could have $17,578 saved.
Dorchester SuperLife is an easy to understand individual savings-based life insurance policy offered under the Life Insurance Act 1908 to help you reach your medium to long term savings goals.
You can choose the 'Savings Plan' for regular savings or the 'Reward Investment Plan' for lump sum investments. As a policyholder, you are also entitled to $30,000 of Life Insurance Cover, subject to terms and conditions being met.
You can choose one of the four investment portfolios within the relevant Plan to invest your contributions into, depending on your risk-return preference:
Conservative Fund
Balanced Fund
Growth Fund
Property Fund
Plan started at Age
|
Weekly Savings
|
Total Contributions
|
Savings Period
|
Your Savings:
|
|
|
|
|
@ 5%pa @7%pa
|
|
30
|
$30
|
$15,660
|
10 years
|
$17,578 $19,532
|
|
30
|
$30
|
$31,320
|
20 years
|
$47,374 $59,803
|
|
30
|
$50
|
$26,100
|
10 years
|
$30,548 $33,955
|
|
30
|
$50
|
$52,200
|
20 years
|
$82,295 $103,928
|
The earlier you start saving, the easier it is to reach your retirement goal. As you get closer to retirement, review your choice of the four funds to ensure that it still matches your risk/return profile.
To download the current Superlife Brochure, please click on one of the following links:
Superlife Brochure - English version
Superlife Brochure - Samoan language version
Superlife Brochure - Tongan language version
Dorchester SuperLife Investment Statement
Superlife Product Summary Sheet
Things you need to know:
- Calculations assume 5% and 7% returns after tax and deduction of SuperLife fees.
- The assumed net returns are illustrative only and do not reflect SuperLife's or any
Investment Fund's actual or prospective performance.
- Actual fund performance will depend on the Investment Fund chosen by the
policyholder, fees, expenses and taxes.
- The returns to SuperLife policyholders are subject to investment and other risks
(including loss of income and principal invested), are not guaranteed by any person
and require that all contracted contributions are made over the period.
- The balances assume current fees do not change.
- $30,000 insurance is made up of: $12,500 Life Insurance cover for 18 - 49 year olds
(subject to minimum contribution conditions being met), $2,500 Child Terminal Illness
cover, and $15,000 Accidental Death cover. (Life Insurance cover reduces to $2,500 for 50 - 79 year olds).
See the investment statement for further information.
**Figure is indicative only, based on an initial maturity term of 10 years, and assuming an estimated investment return of 5%pa after tax and net of plan fees. Plan performance will vary and may be positive or negative.