{"id":864565,"date":"2026-06-25T07:32:36","date_gmt":"2026-06-25T05:32:36","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=864565"},"modified":"2026-06-25T07:32:39","modified_gmt":"2026-06-25T05:32:39","slug":"leaving-a-legacy-through-life-annuities-more-than-just-retirement-planning","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/864565\/leaving-a-legacy-through-life-annuities-more-than-just-retirement-planning\/","title":{"rendered":"Leaving a legacy through life annuities: more than just retirement planning"},"content":{"rendered":"\n<p>Legacy planning is one of the most meaningful aspects of financial planning. <\/p>\n\n\n\n<p>It taps into a deep human desire\u2014to leave a lasting impact and ensure our loved ones are supported even after we&#8217;re gone. <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/bit.ly\/3QEWxua\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to learn more about Glacier&#8217;s Sanlam Life Annuity.<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n<p>When financial professionals incorporate legacy goals into their planning strategies, they\u2019re doing more than managing assets &#8211; they\u2019re helping clients shape their life stories.\u00a0<\/p>\n\n\n\n<p>One powerful yet often overlooked tool in legacy planning is the life annuity. <\/p>\n\n\n\n<p>Traditionally viewed as just a retirement income product, a life annuity can also be structured to provide income for beneficiaries and serve as a legacy vehicle.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Using a life annuity to leave an income legacy<\/h2>\n\n\n\n<p>When purchasing a life annuity, it\u2019s important to consider features that align with your legacy goals. These may include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Single or joint life coverage:<\/strong> For couples, joint life annuities ensure that the surviving spouse continues to receive an income after their partner passes away, offering peace of mind and continuity of income.<\/li>\n\n\n\n<li><strong>Income escalation options:<\/strong> You can choose to have your income increase annually\u2014either at a fixed percentage or in line with inflation\u2014to help preserve purchasing power over time.<\/li>\n\n\n\n<li><strong>Guaranteed income periods:<\/strong> This feature ensures that income payments continue for a set number of years, even if the annuitant passes away early. Some providers offer guaranteed periods of up to 25 or 30 years, providing income stability for beneficiaries.<\/li>\n\n\n\n<li><strong>Income reduction at death:<\/strong> In the case of a joint life annuity, you can choose to reduce the income for the surviving annuitant after the first death.<\/li>\n<\/ul>\n\n\n\n<p><strong>Let\u2019s look at an example: <\/strong>suppose an individual purchases a single life annuity with a 20-year guaranteed income term and passes away after five years. <\/p>\n\n\n\n<p>Their nominated beneficiaries would continue receiving income for the remaining 15 years, or may choose to take the remaining payments as a lump sum. <\/p>\n\n\n\n<p>This lump sum represents the present value of the future income payments, offering flexibility to the beneficiaries.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Combining life annuities with life cover for a capital legacy<\/h2>\n\n\n\n<p>In addition to securing a lifelong income, you can also leave a capital legacy by combining a life annuity with a life cover policy. <\/p>\n\n\n\n<p>This approach allows you to receive guaranteed income for life while ensuring your loved ones receive a guaranteed lump sum upon your passing. <\/p>\n\n\n\n<p>The amount is determined at the policy\u2019s inception, providing an extra layer of financial security for your family.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Final thoughts<\/h2>\n\n\n\n<p>A life annuity isn\u2019t just a retirement tool\u2014it can be a powerful instrument for leaving a meaningful legacy. <\/p>\n\n\n\n<p>Whether your goal is to provide ongoing income or a capital amount, the right annuity structure can help you support your loved ones long after you&#8217;re gone. <\/p>\n\n\n\n<p>By thoughtfully aligning your annuity choices with your legacy goals, you ensure that your financial plan tells a story of care, foresight, and enduring impact.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">About Glacier by Sanlam<\/h2>\n\n\n\n<p>Glacier by Sanlam is your trusted partner in unlocking infinite investment opportunities. <\/p>\n\n\n\n<p>As the largest linked investment service provider, we have led the way in meeting the diverse needs of South Africans since 1997. <\/p>\n\n\n\n<p>Our extensive range of local and international solutions empowers investors to create, grow, and preserve their wealth. <\/p>\n\n\n\n<p>Through innovative products and expert advice, we offer infinite opportunity to achieve financial success.<\/p>\n\n\n\n<p>Glacier Financial Solutions (Pty) Ltd is a licensed financial services provider.<\/p>\n\n\n\n<p>Sanlam Life Insurance Ltd is a licensed life insurer, financial services and registered credit provider (NCRCP43).<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/bit.ly\/3QEWxua\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to learn more about Glacier&#8217;s Sanlam Life Annuity.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Legacy planning is one of the most meaningful aspects of financial planning. <\/p>\n","protected":false},"author":57,"featured_media":864566,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[13071,25554],"class_list":["post-864565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-glacier-by-sanlam","tag-life-annuity"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/864565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=864565"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/864565\/revisions"}],"predecessor-version":[{"id":864567,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/864565\/revisions\/864567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/864566"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=864565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=864565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=864565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}