Retirement Insights | 1 min read

Life Annuities: Added guaranteed terms

19 March 2024

We have extended the guaranteed terms on Sanlam Life Annuities to also include 25 and 30 years. In addition to this enhancement, we will not limit the maximum age to 96 years when adding the guaranteed term.

For example: If your age next birthday is 86 and you want to select a guaranteed term of 20 years, you are allowed to do so. Previously, you would be limited to a 10-year guaranteed term.

Quotation and application forms

The quotation is updated on the Life Annuity and Investments Quote System and available on Sanport.

No additional PST required

Intermediaries who have already completed the product-specific training (PST) do not need to complete it again for the additional guaranteed terms.

Sanlam Life Insurance Ltd is a Licensed Life Insurer, Financial Services and Registered Credit Provider (NCRCP43).
Glacier Financial Solutions (Pty) Ltd is a licensed financial services provider.

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