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Purchase the Gift of Certainty

By Linda Blom, 29 April 2022

With the Sanlam Income with Capital Preservation Plan (Optional), you can purchase a lifelong income with your own optional savings.

Invest in the Sanlam Income with Capital Preservation Plan (SICP) and you’ll be meeting a bunch of your investment requirements, says Linda Blom, Business Development Manager at Glacier by Sanlam. She examines how this versatile solution adds value to your diversified investment portfolio.

The SICP guarantees a regular income for the rest of your life and a capital amount – chosen by you at death – to take care of your loved ones or create liquidity in your estate.

How the SICP Works

Your capital, a minimum of R20,000 (provided that this amount delivers a minimum initial pension of R100 per month), will purchase two life annuities. One of them will provide you with a regular, guaranteed gross income for the rest of your life and the second life annuity will pay for the premiums of your life cover policy, which will provide an amount selected by you for your loved ones or deceased estate when you pass away.

The SICP Offers Options

  1. You have the option to add a second life insured
  2. If you added your partner or spouse as a second life insured, the income will continue to be paid for their lifetime after your death. You will also have the option to reduce the income payment by a selected percentage upon the death of the first life insured.

  3. You have the option to choose the value of the life cover
  4. To provide for your dependants after you pass away, or to create liquidity in your estate, you can choose any amount of life cover, from a minimum of R20,000 to a maximum of the value of your initial investment amount.

  5. You can protect the purchasing power of your income
  6. You can choose to let your income increase by a chosen percentage every year.

A life cover policy in the SICP will pay out the specified amount at your death and no executor’s fees are payable if this amount is paid to your chosen beneficiaries. Other benefits of this product are that there are no medical underwriting requirements and no review of the life policy premium.

Read our product information to learn more about the Sanlam Income with Capital Preservation Plan (Optional).

Glacier Financial Solutions (Pty) Ltd is a Licensed Financial Services Provider.

The Sanlam Income with Capital Preservation Plan is a policy underwritten by Sanlam Life, a Licensed Life Insurer, Financial Services and Registered Credit Provider (NCRCP43).

Contact Glacier

  • English
    +27 21 917 9002
    0860 452 364
    Afrikaans
    +27 21 917 9000
    0860 452 237
  • or
Glacier Financial Solutions (PTY)LTD is a licensed financial services provider.
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