When the Governor of the Reserve Bank, Tito Mboweni, announced yet another drop in the interest rate on 12th August, it was – quite ironically – mostly those with heavy debt such as a high mortgage bond or expensive vehicle finance who sighed a sigh of relief.
People who displayed financial discipline through the years, saved regularly and accumulated a nest-egg to supplement a meagre pension with a return on their investment after retirement, have little to smile about after the latest reduction in the repo rate to 7,5%. Unfortunately, mainly people over 50 fall in this category.
IntegriSure can make a distinct difference to the cash flow position of people who unwittingly and in good faith pay unnecessarily high short-term insurance premiums. Our current clients can confirm that we keep our rates as low and as affordable as possible – hence our cordial invitation to people over 50 who are adversely affected by lower interest rates, to transfer their insurance portfolios to IntegriSure. “We’ll most probably save you a lot of money each year – perhaps just as much or even more than the shortfall on your income as a result of lower interest rates,” says the Managing Director of IntegriSure, Arnold van der Linde. “Test the market and ask IntegriSure for a free quote – you have absolutely nothing to lose, because it is entirely free and without obligation.”
People over 50 should also grab and utilize the benefits to which they are entitled when they reach that age. Many businesses offer discounts to senior citizens on movie tickets, meals in restaurants, groceries, hotel accommodation and much more. Don’t be shy to ask for a discount or even to insist on it. Accumulatively, such discounts could help ease the effect of lower interest rates on investment returns.
After all, to fill a bucket, every drop counts!