Discovery Classic LIFE PLAN

[Dolby]

So I took out a few policies a few years back that, admittedly, I didn't really know what each was. I've decided to get a few things in order for 2018 and I see thing that I've been paying since 2011.

Am I right in saying this has nothing to do with retirement?
In other words, I won't see this money?
But, when I die, it pays out to the nominated person?

 

[HibiscusTunes]

This is correct.

When you log into discovery.co.za it is listed under life insurance, not investments

 

[Kosmik]

So I took out a few policies a few years back that, admittedly, I didn't really know what each was. I've decided to get a few things in order for 2018 and I see thing that I've been paying since 2011.

Am I right in saying this has nothing to do with retirement?
In other words, I won't see this money?
But, when I die, it pays out to the nominated person?

Just check how long is valid, till EOL or retirement.

 

[beefymoocow]

Nope discovery life has retirement benefits. Just started my discovery purple life cover and purple retirement. Like for example if you choose to use your fee payback and invest it in the retirement. Discovery will match it. It's better to ask your financial adviser cause the policy might be different since 2011