Sanlam Life cover

Sanlam Life Cover is designed to ease the financial burden on your family should you pass away unexpectedly. It provides a once-off, tax-free lump sum that can be used to cover various expenses, including:

  • Funeral Costs: Ensuring a dignified farewell.
  • Estate Administration Costs: Covering legal and administrative fees.
  • Outstanding Debts: Paying off loans, credit cards, and other debts.
  • Daily Living Expenses: Supporting your family’s ongoing financial needs.

Key Features of Sanlam Life Cover

  • Age Limit: Policyholders must be between 18 and 60 years old when taking out the policy. Family members can be added to the funeral benefit from 0 to 85 years old.
  • Flexible Payout Options: Beneficiaries can receive the payout as a lump sum or combined with spouse and children’s pensions.
  • Additional Benefits: Options include funeral insurance, spouse’s insurance, terminal illness insurance, and accident insurance.

Benefits of Sanlam Life Cover

  1. Financial Security: Provides a safety net for your family, ensuring they are not financially burdened after your death.
  2. Tax-Free Payout: The lump sum payment is tax-free, maximizing the benefit to your beneficiaries.
  3. Comprehensive Coverage: Covers a wide range of expenses, from funeral costs to daily living expenses.
  4. Additional Benefits: Includes options like funeral support and burial repatriation, Universal Education Protector benefit, and terminal illness insurance.

How to Apply for Sanlam Life Cover

Applying for Sanlam Life Cover is straightforward. Here’s what you need to do:

  1. Contact Sanlam: Reach out to the Sanlam Client Care Centre at 021 916 5000 or 0860 SANLAM (0860 726 526), or send an email to life@sanlam.co.za.
  2. Prepare Required Documents: You will need a copy of your South African ID, proof of residential address, and proof of income (last three months’ payslips or bank statements).
  3. Consult a Financial Advisor: Discuss your needs and get a personalized quote based on your risk profile and coverage requirements.

Additional Information

Sanlam also offers a range of group life insurance products designed to provide financial support to employees’ families. These include:

  • Funeral Insurance: Assists with burial and transport costs.
  • Spouse’s Insurance: Provides cover for an employee’s spouse.
  • Accident Insurance: Covers death or physical injury due to an accident.
  • Terminal Illness Insurance: Pays out if the insured is diagnosed with a terminal illness and has less than six months to live.

Conclusion

Sanlam Life Cover offers comprehensive protection to ensure your loved ones are financially secure in the event of your death. With flexible options and additional benefits, Sanlam provides a robust solution to meet your life insurance needs

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