Pension Savings

In the long term savings field there are three main products, which aim to have a savings
plan for when one retires:

✔ Directors Insurance
✔  Pension fund
✔ Provident fund

For each type of savings plan there are several tracks that you can choose from, as well as
being able to combine between the different products.

 

What is Directors Insurance?

“Director Insurance” is a savings plan and pension insurance that its terms and conditions
are anchored in a contract (policy). Usually the employee is the insured, and the employer is
the owner of the policy. The partners in the contract are the employer, and employee and
the insurance company.
Every month, the employer and the employee allocate to the insurance company their share
in the pensions' budget in percentage from the employees' paycheck as determined in the
contract, and this is the base for the directors insurance.

What will you receive in this Directors insurance?

This insurance is usually composed of three components: insurance in case of work
disability, life insurance (compensation in case of death), and pension savings (capital or
allowance) for retirement.

What is a Pension Fund?

A Pension Fund provides you a monthly allocation from when one reaches retirement age,
as well as survivor allocation and disability allocation depending on the track that was
chosen.
As opposed to the directors insurance, the pension fund is not a personal contract, but a
plan with mutual guarantee between all its insured, which is directly affected by economic
changes. The allocation is calculated according to the insureds' paycheck during the years,
and according to the funds regulations.

 

Advanced Study Fund:

This fund is a mid-term savings plan. The employer and the employee (or the self-employed)
allocates a monthly payment to an investment track of choice that yields profit and provides
tax benefits.
Shifting between tracks and companies does not affect the seniority or the benefits, and can
improve the profits significantly.
We will be happy to provide you with further information.

 

Advanced Study Fund:

This fund is a mid-term savings plan. The employer and the employee (or the self-employed)
allocates a monthly payment to an investment track of choice that yields profit and provides
tax benefits.
Shifting between tracks and companies does not affect the seniority or the benefits, and can
improve the profits significantly.
We will be happy to provide you with further information.

 

Our office specializes in the field of pension savings in various forms and tracks.
Also, in the case of injury (death, wounding or disability), we offer products that can promise
you to maintain a high level of life, even in the insured is injured and does not work, or for
the survivors in case of death G-d forbid.