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Annuities

Have peace of mind throughout retirement by receiving a regular, guaranteed income for life

Our annuities provide regular, usually monthly, payments to pensioners for the rest of their lives, based on the savings accumulated up to retirement. The payments can remain unchanged or be increased once a year with increases that are a fixed percentage or linked to either inflation or the performance of an underlying investment portfolio.

Payments can be made for a guaranteed period, regardless of survival of the pensioner, and can be made to a spouse or child after the death of a member. An annual 13th cheque can be included.

Our Annuity Solutions

Suitable for investors who

  • Want a guaranteed pension payout, which cannot decrease, for the rest of their lives
  • Want to benefit from investment market performance, whilst enjoying protection against market shocks and crashes
  • Are happy to share some investment risk with the insurer, with the benefit of significant upside potential
  • Are seeking a product that can target specified increases, with some variation, at a more affordable price than a guaranteed annuities
  • Want a with-profit product that is tailored to provide competitive and stable increases in challenging economic conditions

What the product aims to achieve

Offers a retirement fund solution to meet the needs of pensioners by using smoothed weighted average of recent underlying investment returns, to determine annual increases in the pension amount, with a guarantee that the pension will never decrease and will be paid for life.

More information

Fund factsheets for underlying investment portfolios:

Suitable for investors who

  • Want a guaranteed pension payout, which cannot decrease, for the rest of their lives
  • Want their pension to increase in line with Consumer Price Inflation, to achieve a real income over time
  • Want a flexible increase date
  • Want a 13th cheque in any chosen month

What the product aims to achieve

Provides a guaranteed monthly pension with annual increases equal to inflation for the rest of pensioners’ lives; the increase is equal to the Consumer Price Index, lagged by four months.

More information

Suitable for investors who

  • Want a guaranteed pension payout, which cannot decrease, for the rest of their lives
  • Want their pension to increase by a predetermined percentage each year
  • Want a flexible increase date

What the product aims to achieve

Provides fixed rate increases or level annuities for the rest of pensioners’ lives.

More information

Suitable for investors who

  • Want a guaranteed pension payout, which cannot decrease, for the rest of their lives
  • Want to receive a transparent increase based on a defined formula
  • Want a high equity component (50%) that will give them higher expected increases in future
  • Want increases strictly based on the performance of the indices, ensuring that the guarantees of a 0% minimum are met
  • Want a product that has outperformed Sanlam’s current with profit annuity and its competitors

What the product aims to achieve

Offers a transparent retirement fund solution to better meet the needs of pensioners by using a simple formula to determine annual increases in the pension amount, with a guarantee that the pension will never decrease.

More information

Suitable for investors who

  • Want a guaranteed pension payout, which cannot decrease, for the rest of their lives
  • Want to have more stable increases in different economic conditions than they would get with with-profit annuities

What the product aims to achieve

Guarantees to pay out the current level of pensions, plus increases over the rest of pensioners’ lives by reducing the guarantee fee to zero while investing the remainder of the assets to maximise increases.

More information

Suitable for investors who

  • Want a guaranteed pension payout, which cannot decrease, for the rest of their lives
  • Want to know that increases, once added, cannot be taken away or reduced

What the product aims to achieve

Allows pensioners to share in the investment returns earned on the underlying annuity portfolio through annual pension increases.

E-nnuity – this is a unique and innovative online quotation programme that provides instant retirement planning quotations. Accredited financial advisers can generate multiple quotations for retirement fund members at the "push of a button". These quotations are based on real-time values from across the range of annuity products that Sanlam Employee Benefits offers.

Please note that only FAIS-accredited financial advisers or brokers may register to use E-nnuity.

Login to E-nnuity.

Annuities Multimedia

Karen Wentzel and Patrick Cameron-Smith
Sanlam With-Profit Annuity, November 2020

Karen Wentzel and Patrick Cameron-Smith
Sanlam With-Profit Annuity

Karen Wentzel
With-profit Annuities Overview

Karen Wentzel
Default regulations: Annuities

Karen Wentzel
Financial independence for women

General Downloads for More Information

Principles and Practices of Financial Management (PPFM)

Provides detailed information about how we manage our discretionary participation funds.

Sanlam Employee Benefits Provider Pension Products

Sanlam Life Participating Annuity Products

Regulation 28 Certificates

Provides confirmation that our guaranteed long-term policies may be excluded from the asset limits set in Regulation 28.

Complete Picture Pension / Provider Pensions certificate

Guaranteed Insured Pension / Inflation Linked Pension certificate

Bonus Pension / Quantum Pension certificate

Bonus Declaration 2020

Provides an explanation of the factors taken into account in declaring bonus increases, and provides an overview of the with-profit annuity portfolio and how these annuities operate.

Media and Publications

This is how much you need just for medical aid in retirement June 2019 Download PDF
Trustees: are you ready for the defaults? January 2019 Download PDF
Benchmark 2019 2019 Download PDF
Default strategy already in place April 2018 Download PDF
'15' is jou beste vriend vir geld by aftrede August 2017 Download PDF
Nurturing the yolk in your nest egg July 2017 Download PDF
See that you are saving enough for an adequate pension July 2017 Download PDF
Retirement Funding: what's your number June 2017 Download PDF
What's your (retirement) number? May 2017 Download PDF
Sanlams charismatic actuary has welcome retirement advice May 2017 Download PDF
Retire Right May 2017 Download PDF
Pensions World April 2017 Download PDF
Pensions World January 2017 Download PDF
The Financial Planner pg 1 December 2016 Download PDF
The Financial Planner pg 2 December 2016 Download PDF
The Financial Planner pg 58 October 2016 Download PDF
The Financial Planner pg 59 October 2016 Download PDF
Pensions World October 2016 Download PDF

We can provide the protection you’re looking for.

Contact us to develop a solution that works for your fund.

Contact Us

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