Single Life
10 year Guarantee
0% Tax
R1 million
Monthly in arrears
Joint Life
Second Life - 1/1/1965
0% reduction on 1st death
0% Tax
R1 million
Monthly in arrears
Level income
Level Income
5% Income
Escalation
10 Year Guarantee
Nil Guarantee
Assupol Life
Ultimate Retirement Income 4Life
R9 490.37
R6 673.81
R8 840.63
R8 859.73
Assupol Life
Ultimate Retirement Income 4Life (Rewired)1
no rates available
R7 782.22
no rates available
no rates available
Discovery Invest
Retirement Income Plan (Fixed Annuity)
R9 163.70
R6 406.51
R8 535.71
R8 541.66
Just SA
Lifetime Income 2
R9 144.55
R6 282.33
R8 617.87
R8 550.97
Liberty Life
Life Annuity
R8 935.32
R6 151.73
R8 436.44
R8 442.56
Metropolitan
Life Annuity
R9 255.34
R6 415.57
R8 450.13
R8 474.12
Momentum
Life Annuity
R9 316.92
R6 494.33
R8 589.85
R8 593.07
Old Mutual
Max Income for Life
R9 256.21
R6 443.10
R8 512.62
R8 540.20
Sanlam
Life Annuity
R9 026.83
R6 321.78
R8 343.07
R8 357.07
1: Assupol's Ultimate Retirement Income 4Life offers rewirement - this is a combination between a level and increasing income. For this scenario, the Rewirement factor is 4 and the income starts to increase yearly by 5% after 5 years. 2: The quotes for Just SA do not take underwriting into account. The client still has the option of underwriting. Once underwriting is received, then it will still be assessed. The income could be more or the same, but it won’t be less because of underwriting (there is no negative consequences to underwriting).
Compulsory Annuity Plans - Female born 1-1-1965
Product Provider
Product Name
Single Life
10 year Guarantee
0% Tax
R1 million
Monthly in arrears
Joint Life
Second Life - 1/1/1965
0% reduction on 1st death
0% Tax
R1 million
Monthly in arrears
Level income
Level Income
5% Income
Escalation
10 Year Guarantee
Nil Guarantee
Assupol Life
Ultimate Retirement Income 4Life
R9 125.35
R6 221.63
R8 840.63
R8 859.73
Assupol Life
Ultimate Retirement Income 4Life (Rewired)1
no rates available
R7 274.81
no rates available
no rates available
Discovery Invest
Retirement Income Plan (Fixed Annuity)
R8 862.94
R5 959.50
R8 535.71
R8 541.66
Just SA
Lifetime Income 2
R8 895.02
R5 973.09
R8 617.87
R8 550.97
Liberty Life
Life Annuity
R8 760.81
R5 903.39
R8 436.44
R8 442.56
Metropolitan
Life Annuity
R8 845.16
R5 902.92
R8 450.13
R8 474.12
Momentum
Life Annuity
R8 933.82
R6 039.71
R8 589.85
R8 593.07
Old Mutual
Max Income For Life
R8 878.62
R5 964.82
R8 512.62
R8 540.20
Sanlam
Life Annuity
R8 727.94
R5 859.94
R8 343.07
R8 357.07
1: Assupol's Ultimate Retirement Income 4Life offers rewirement - this is a combination between a level and increasing income. For this scenario, the Rewirement factor is 4 and the income starts to increase yearly by 5% after 5 years. 2: The quotes for Just SA do not take underwriting into account. The client still has the option of underwriting. Once underwriting is received, then it will still be assessed. The income could be more or the same, but it won’t be less because of underwriting (there is no negative consequences to underwriting).
Voluntary Annuity Plans
Product Provider
Product Name
R 1 million Investment (natural persons)
Monthly annuity income
5 year term certain
0% tax applicable
Gross Income
Taxable Portion
Tax Free Portion
Just SA
Term-Certain Income
R19 017.10
R2 350.43
R16 666.67
Liberty Life
Annuity Certain
R18 163.75
R1 497.09
R16 666.67
Old Mutual
Max Income for Term
R19 186.45
R2 519.78
R16 666.67
Growth Plans - using 3.45% as the Financial Advisor Fee
Product Provider
Product Name
Guaranteed return on Investment of R100 000
for a 5 year term for a natural person
FA fees taken = 3.45% incl. VAT
Guaranteed return on Investment of
R1 000 000 for a 5 year term for a natural person
FA fees taken = 3.45% incl. VAT
Rand Amount
%
Rand Amount
%
1 Life Insurance
1Life Guaranteed Future Value Investment
R131 254.42
5.59%
R1 315 654.82
5.64%
Discovery Invest
Discovery Guaranteed Growth Plan
R125 317.89
4.62%
R1 285 844.22
5.16%
Just SA
Structured Endowment1
no rates available
0%
R1 319 363.32
5.7%
Liberty Life
Guaranteed Investment Plan 2
no rates available
0%
R1 288 817.02
5.2%
Momentum
Guaranteed Endowment Option
R124 702.00
4.51%
R1 291 812.00
5.25%
Old Mutual Wealth
Old Mutual Wealth Fixed Bond
R125 319.73
4.61%
R1 295 852.68
5.31%
Sanlam
Nimbus Fixed Return
R123 959.41
4.39%
R1 285 603.81
5.15%
1: JUST SA: This is a linked endowment. 2: The rates for the Guaranteed Investment Plan may change during the week. Please refer to Liberty Life for their latest rates.
Growth Plans - using 1.73% as the Financial Advisor fee
Product Provider
Product Name
Guaranteed return on Investment of R100 000
for a 5 year term for a natural person
FA fees taken = 1.73% incl. VAT
Guaranteed return on Investment of
R1 000 000 for a 5 year term for a natural person
FA fees taken = 1.73% incl. VAT
Rand Amount
%
Rand Amount
%
1 Life Insurance
1Life Guaranteed Future Value Investment
R133 696.36
5.98%
R1 339 488.53
6.02%
Discovery Invest
Discovery Guaranteed Growth Plan
R127 686.73
5.01%
R1 309 532.59
5.54%
Just SA
Structured Endowment1
no rates available
0%
R1 345 193.56
6.11%
Liberty Life
Guaranteed Investment Plan2
no rates available
0%
R1 311 372.77
5.57%
Momentum
Guaranteed Endowment Option
R127 475.00
4.97%
R1 319 663.00
5.7%
Old Mutual Wealth
Old Mutual Wealth Fixed Bond
R127 592.24
4.99%
R1 319 082.01
5.69%
1: JUST SA: This is a linked endowment. 2: The rates for the Guaranteed Investment Plan may change during the week. Please refer to Liberty Life for their latest rates.
Income Plans - using 3.45% as the Financial Advisor Fee
Product Provider
Product Name
R1 million Investment (natural persons)
Monthly annuity income
Capital Guaranteed
5 year term
0% tax applicable
FA fees taken = 3.45% incl. VAT
Gross Annuity Income
Taxable Portion
Discovery Invest
Discovery Guaranteed Income Plan
R4 304.09
R482.67
Just SA
Structured Endowment
R4 530.03
R519.71
Liberty Life
Guaranteed Investment Plan with Income
R4 243.51
R391.58
Momentum
Guaranteed Endowment Option and Income
R4 308.10
R557.01
Sanlam
Nimbus Fixed Return with Income
R4 340.10
R587.10
Income Plan - using 1.73% as the Financial Advisor Fee
Product Provider
Product Name
R1 million Investment (natural persons)
Monthly annuity income
Capital Guaranteed
5 year term
0% tax applicable
FA fees taken = 1.73% incl. VAT
