Investment Insights | 1 min read

Looking for a specified return with the option of a specified income?

Sanlam

We have reopened our fixed return investments by Sanlam range.  These are five-year investment solutions providing a specified return and the option of receiving a specified income throughout the term.

The Fixed Return Plan (SG3) and Fixed Return Plan with Income (SG3P) have been reopened for investments from 8 February 2021.

Certainty of return

The Cumulus Fixed Return Plan is a five-year, single-premium investment, which provides a fixed return over the investment term. The plan is underwritten by Sanlam Developing Markets and administered by Sanlam Life.

The investment is exposed in equal proportions to the following four South African banks: Absa, First National Bank, Standard Bank and Nedbank.  The risk of default is carried by the policyholder; therefore, in the unlikely event of a default on the underlying assets by one of the banks, the maturity value will be reduced.

This solution provides competitive rates and is aimed at cautious clients, as the risk of default is minimal, considering that the guarantee on the maturity amount is provided by the top four banks in SA today.

Add the convenience of a regular income

The Fixed Return Plan can be combined with a Stratus Guaranteed Income Policy (a term annuity underwritten by Sanlam Life).  This combination, known as the Fixed Return Plan with Income,provides you with a monthly guaranteed income during the investment term and the certainty of a fixed lump sum at the end of the term. You can choose a fixed income growth rate of up to 10% per year.

Quotation and applications

The new investment options are available on our Life Annuities & Investments Quote system on Sanport. Rates will be updated automatically and the application form will also be available to ensure a streamlined process.

Additional information

Click here to view the brochure for more information or here to view a one pager comparing the new Cumulus Fixed Return offering with our previous Cirrus Fixed Return offering, for reference.

Glacier Financial Solutions (Pty) Ltd and Sanlam Life Insurance Ltd are licensed financial services providers

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