If a serious illness or injury renders you unable to work, either temporarily or permanently, you and your family may experience significant financial strain. Sanlam’s income protection plan provides certainty of income in the event that you are unable to work. Contact us for a quote or speak to your financial planner.
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Sanlam's income protection cover offers maximum choice and flexibility at attractive rates. You can combine life insurance, disability severe illness and income protection with additional offerings, such as accident cover. The type and level of cover you need depends on your personal needs and circumstances.
An Income Protector benefit ensures a steady, tax-free monthly income to meet your financial obligations should you lose part or all of your income when you are temporarily or permanently unable to work.
Our Income Protector benefits are categorised into short-term and long-term benefits and can be combined depending on your needs. The Temporary Disability Income benefit and Overhead Expenses Protector benefit will insure your income for the short term (up to 24 months).
This benefit pays a monthly income should you lose all or part of your income when illness or injury leaves you unable to work.
You can select two optional benefits which will pay the cover amount for six months:
1. Spouse Protector
This benefit alleviates the financial strain you may suffer should your spouse gets a serious illness or pass away.
2. Child Protector
This benefit greatly alleviates the financial strain you may experience should your child suffer something like, a serious injury, which forces you to take some time off work. It will also pay out when your child is seriously ill, or passes away.
When you are temporarily unable to work due to illness or injury, this benefit will allow your business to continue operating. It pays a monthly amount for up to 24 months. You could decide to use the payout to employ a stand-in to run the business in your absence.
Our Income Protector Benefits are categorised into short-term and long-term benefits and can be combined depending on your needs. The Extended Disability benefit, Total and Permanent Disability Income benefit and Death Income benefit will insure your income for the long term.
This benefit pays a monthly income that helps you meet your financial obligations, when you cannot earn an income as a result of illness or injury.
When you take out life insurance, various types of underwriting like medical tests and questions about your lifestyle and occupation take time and therefore affect how long it takes to issue your plan. At Sanlam we know that your time is precious and we know that some people really don't like the idea of going for medical tests.
Express cover offers a simplified underwriting process at competitive rates.
Sanlam Reality members on the Reality Plus and Reality Health membership options can get discounts of up to 30% on qualifying risk products. For more information on how to join, visit the Sanlam Reality website.
Life happens, and it pays to be prepared. Sanlam’s wide range of comprehensive insurance products are aimed at helping you ensure your financial responsibilities are taken care of, even when you’re no longer able to do so yourself.
Whether you’re a seasoned professional or you’ve just stepped out of university and into your first job, income protection is essential for maintaining your lifestyle and taking care of your family when life takes an unexpected turn.
Being unable to work due to illness or injury can place you under serious financial strain. Ensure that you have the certainty of a regular income.
You never know when injury or illness can strike, impacting your earning ability. Ensure that your family is protected against sudden income loss.