More than 70% of South Africans die without a valid will in place* and 90% don’t plan for the unexpected cost of dying. We know that life gets busy. Still, your will is one of the most important documents you will ever sign, and all we need is an hour of your time.
*Source: Master of the High Court Survey, 2022
How it works: 1 • 2 • 3
Consultation
One of our expert Will Consultants will meet with you, either at work or at home, during or after office hours, to discuss your will and estate planning needs. We will send your draft will within 48 hours for signing and arrange for its collection and safekeeping.
Calculation
Our Consultant will use the approximate value of your assets and debts to make you aware of fees such as executor, conveyancing and testamentary trust fees applicable to your estate when you die.
Indemnification
Our unique solution indemnifies these fees, resulting in far fewer delays with deceased estates.
Why do I need the Sanlam Legacy Plan?
When you die, your estate will incur fees and your family could end up having limited access to funds. The Sanlam Legacy Plan is an effective planning tool that covers the deceased estate’s fees and protects your surviving family from unforeseen financial stresses.
Affordable premiums
Tailored benefits for any age.
Cover for life
No maximum age limits.
Cash benefits
Plug gaps that other policies can’t.
A full suite of services, all under one roof
The Sanlam Legacy Plan integrates our services and insurance offerings, giving you peace of mind when it comes to covering the cost of dying.
Immediate Liquidity™
An amount paid to your beneficiary within 48 hours of the claim being approved to cover immediate costs such as funeral expenses, travel arrangements and groceries.
Estate Overheads Protector™
An amount paid to your estate for the executor to cover expenses such as Master’s fees, and correspondence fees. You can also get extended cover for monthly expenses such as electricity, medical aid, school fees and more, for up to 6 months.
Estate Gap Cover™
An amount paid to the last surviving spouse’s estate to cover increased costs like inheritance taxes, should both spouses pass away.
Cover included in your plan
Your will
- Free of charge with unlimited amendments.
- Access to a specialist Consultant.
- Free collection and safekeeping.
Your beneficiaries
- Create a trust for your children and spouse.
- Care for your loved ones with disabilities.
- A personal Estate Consultant by their side.
Your estate
- Up to 100% cover for fees and other costs.
- Administered by in-house professionals.
- Integration of estate teams accelerates the administration process.
• The Sanlam Legacy CorePlan is a will-only offering that covers 25% of your fees at death, at no cost. This is not a financial services product.
• The value of these benefits (Immediate Liquidity™, Estate Overheads Protector™ & Estate Gap Cover™) are plan dependent. These benefits are not available for the Sanlam Legacy CorePlan or Sanlam Legacy FeePlan.
The Sanlam Legacy Plan in action
Example: 31-year-old female
- Estate assets, incl. properties: R5 million
- Properties to transfer: R2 million
- Value of the trust: R3 million
- Term of trust: 20 years
Estimated fees
- Estate & executor fees: R201K
- Property & conveyancing fees: R32K
- Trust & trustee fees: R608K
- Total estate fees: R841K
100% covered by the plan’s MIB™ Maximum Indemnity Benefit™
R1 million Gold plan • For only R183pm* • Includes Immediate Liquidity™ R107K
* Cover for a 31-year-old, non-smoking female with a young child. This quote is for illustrative purposes only.
Terms and conditions
- A consultation and a calculator analysis need to be completed with a registered representative for the appropriate plan recommendations to be made.
- A capitalisation benefit (opt-out cash benefit) can be requested to be paid as a cash lump sum that, should a claim be deemed valid, is payable in place of the Maximum Indemnity Benefit™.
Apply Now
Complete your details below and a Will Consultant will contact you.