What happens to my Sanlam Indie Wealth Bonus if I die?

Your Sanlam Indie Wealth Bonus grows with each premium you pay and is fully unlocked on your benefit anniversary once you've turned 70, if you're still a client. Until then, we unlock 10% of the total fund after every 60 paid premiums. You can withdraw these unlocked portions at any time.

Sanlam Indie Wealth Bonus is our way of rewarding you for looking after yourself, and also for sticking with us all that time.

If you die before age 70

The locked portion of your Wealth Bonus is lost forever and nobody gets it.

Any unlocked portions of your Wealth Bonus that you haven’t withdrawn, plus the interest on those unlocked portions, will be paid out to your beneficiaries when they claim. If you haven’t specified beneficiaries, these unlocked portions will be paid into your estate.

If you die after age 70

When you turn 70, your entire Sanlam Indie Wealth Bonus benefit unlocks on the policy anniversary, and will be paid out to you, the policyholder. You won’t be able to leave it accumulating interest, even if you keep your life insurance policy active past the age of 70.