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
R10 005.75
R7 159.01
R9 377.74
R9 397.97
Assupol Life
Ultimate Retirement Income 4Life (Rewired)1
no rates available
R8 325.59
no rates available
no rates available
Discovery Invest
Retirement Income Plan (Fixed Annuity)
R9 646.08
R6 854.36
R9 056.67
R9 062.65
Just SA
Lifetime Income 2
R9 776.62
R6 882.24
R9 212.12
R9 183.49
Liberty Life
Life Annuity
R9 479.71
R6 670.86
R9 003.89
R9 015.03
Metropolitan
Life Annuity
R9 749.67
R6 843.79
R8 946.21
R8 971.42
Momentum
Life Annuity
R9 718.35
R6 830.53
R9 085.91
R9 088.48
Old Mutual
Max Income for Life
R9 692.91
R6 866.18
R8 983.49
R9 012.59
Sanlam
Life Annuity
R9 564.65
R6 831.60
R8 910.87
R8 924.87
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 653.66
R6 710.37
R9 377.74
R9 397.97
Assupol Life
Ultimate Retirement Income 4Life (Rewired)1
no rates available
R7 824.91
no rates available
no rates available
Discovery Invest
Retirement Income Plan (Fixed Annuity)
R9 340.23
R6 413.26
R9 056.67
R9 062.65
Just SA
Lifetime Income 2
R9 470.65
R6 508.60
R9 150.39
R9 212.12
Liberty Life
Life Annuity
R9 315.67
R6 432.48
R9 003.89
R9 015.03
Metropolitan
Life Annuity
R9 343.00
R6 328.40
R8 946.21
R8 971.42
Momentum
Life Annuity
R9 387.69
R6 402.48
R9 085.91
R9 088.48
Old Mutual
Max Income For Life
R9 334.72
R6 403.24
R8 983.49
R9 012.59
Sanlam
Life Annuity
R9 284.74
R6 382.76
R8 910.87
R8 924.87
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 263.18
R2 596.51
R16 666.67
Liberty Life
Annuity Certain
R18 398.44
R1 731.78
R16 666.67
Old Mutual
Max Income for Term
R19 301.51
R2 634.84
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
R133 507.24
5.95%
R1 338 225.58
6%
Discovery Invest
Discovery Guaranteed Growth Plan
R128 471.86
5.14%
R1 318 205.98
5.68%
Just SA
Structured Endowment1
no rates available
0%
R1 340 081.35
6.03%
Liberty Life
Guaranteed Investment Plan 2
no rates available
0%
R1 319 987.07
5.67%
Momentum
Guaranteed Endowment Option
R127 663.00
5.01%
R1 322 600.00
5.75%
Old Mutual Wealth
Old Mutual Wealth Fixed Bond
R127 633.24
4.97%
R1 319 818.01
5.67%
Sanlam
Nimbus Fixed Return
R126 809.52
4.84%
R1 315 162.71
5.6%
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
R135 982.58
6.34%
R1 363 025.70
6.39%
Discovery Invest
Discovery Guaranteed Growth Plan
R130 900.32
5.53%
R1 342 490.54
6.07%
Just SA
Structured Endowment1
no rates available
0%
R1 366 386.40
6.44%
Liberty Life
Guaranteed Investment Plan2
no rates available
0%
R1 343 049.69
6.04%
Momentum
Guaranteed Endowment Option
R130 501.00
5.47%
R1 351 109.00
6.2%
Old Mutual Wealth
Old Mutual Wealth Fixed Bond
R129 947.73
5.35%
R1 343 477.02
6.05%
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 729.95
R596.20
Just SA
Structured Endowment
R4 812.66
R608.07
Liberty Life
Guaranteed Investment Plan with Income
R4 639.86
R485.52
Momentum
Guaranteed Endowment Option and Income
R4 698.01
R648.71
Sanlam
Nimbus Fixed Return with Income
R4 722.56
R693.38
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
