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about

Introduction

Receive a regular income from your retirement savings so that you can maintain the lifestyle you have worked so hard for. You also have the option to select a specific period during which the income is guaranteed irrespective of whether you are still alive, so that your family is taken care of.

Minimum contribution
The one-off payment has to be sufficient to provide a monthly income of at least R100.
How long to invest for
For the rest of your life.

guidance

How it works

A life annuity uses the proceeds of your retirement savings to provide regular, guaranteed income payments for the rest of your life.

You can add another life insured at inception to receive the income after your death.

The income you receive can increase annually by a percentage chosen by you at inception, or linked to inflation.

benefits

What a Sanlam Life Annuity offers you

Certainty that you will receive a regular income for the rest of your life.
Flexibility to choose a specific term at inception (5, 10, 15, 20, 25 or 30 years) for which your income is guaranteed.
The option to add a second life insured at inception, to whom the income continues to be paid when you pass away.
The choice to receive:
The same amount of income for the duration of the policy 
An income that increases by a fixed rate every year, or 
An income that increases in line with inflation every year

Optional benefits

You can add a life cover policy at inception to provide for your dependants after you pass away. Read more about the Sanlam Income with Capital Preservation Plan.

insights

About the income

The amount of income you receive depends on the following factors at the start date of the life annuity:

Prevailing interest rates when the capital amount is received,
The age and gender of the lives insured, and
The product options you’ve chosen, such as a guaranteed income payment term, income growth, additional life cover, etc.

The income is paid monthly until the death of the last life insured or the end of the guaranteed income payment term, whichever occurs last.

charges

Tax and fees

Fees vary per product and will be disclosed upfront on your quotation. Please speak to your Sanlam financial intermediary to make sure that you understand which fees you pay and why.

Tax benefits

The income payable to you is taxable. We will deduct it and pay it over to the South African Revenue Service on your behalf.

our solutions

Create a reliable income stream to support your retirement goals

Choose a retirement solution that will ensure a sustainable income for the rest of your life.

Solutions

With control over the underlying investments and the income you draw, you can manage your retirement savings to get a regular income that will suit your needs.

Receive a regular income from your retirement savings for the rest of your life and take care of your family by means of an added life cover policy.

Combining a living annuity and a life annuity will provide the certainty of a guaranteed and stable income on one hand, and income flexibility and continued capital growth on the other.

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	Sanlam Income with Capital Preservation Plan

Sanlam Income with Capital Preservation Plan

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Contact us

Complete this form to get a call back, or call us on weekdays between 08:00 and 17:00.

+27 21 917 9002

+27 86 045 2364

Sanlam Life Annuity