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01-02-2016 - SA Annuity Index - 1 February 2016
The South African Annuity Index™ illustrates the weighted average movement of South African Guaranteed Annuity rates on a weekly basis.

 

The SA Annuity Index

 

 

 

 

Lower

Upper

Male

107.65

UNCHANGED

220.63

UNCHANGED

Female

108.37

UNCHANGED

213.69

UNCHANGED


Rates are based on a single life compulsory or voluntary annuity purchase price per R100 000 for people born on 01/01/1956 payable monthly in arrears. The lower rate refers to the rate for a healthy, non-smoking client who worked as an administrator and earns a gross income of R20,000 per month. The upper rate refers to the rate for a smoking and severely ill client who worked as an administrator and earns a gross income of R20,000 per month. The Paramount Life income quoted includes Estate Protect capital protection with a 50,10,10 pattern. Other provider rates include a 10 year guarantee term.   Source of provider rates: Saturday Star 23/01/2016 and Paramount Life for the previous week's rates.



The rates used for the index are as per the Market Annuity Bureau.

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Paramount Life is an authorised financial services provider and is underwritten by Guardrisk Life Limited.