Skip to main content Skip to footer

Secure guaranteed income through a with-profit life annuity

Just Lifetime Income as a standalone with-profit annuity   ​

We understand that retirement income planning is a significant decision that requires careful consideration.

A life annuity offers lower risk compared to other retirement income options. It eliminates some uncertainties related to financial security in retirement by providing a regular monthly income stream in retirement. 

What is a with-profit life annuity?

A with-profit life annuity is a type of annuity that provides you with a guaranteed income for life, and income growth which is linked to long-term investment performance.

With-profit annuities typically use the investment performance of a balanced fund to help determine your annual increase. This means that you can benefit from good market performance. And because it is a guaranteed annuity, it can never reduce, and your income will not go down when markets perform poorly. But it is important to understand that it could stay the same.

Just Lifetime Income (JuLI) is our with-profit life annuity product. You can purchase Just Lifetime Income if you are leaving a retirement fund, transferring out of a living annuity, or voluntarily purchasing a retirement income from personal savings.

How does it work?

When you choose Just Lifetime Income – our with-profit life annuity solution – you make an initial lump sum payment or transfer, and in return, we provide you with regular monthly payments for the rest of your life.

Unlike other retirement income options tied to investment market performance – such as  living annuities – with-profit life annuities offer income that is protected from market fluctuations.

A with-profit life annuity provides value for money

While the focus tends to be on the starting income of an annuity, that's just one part of the equation. At Just SA, we believe that with-profit life annuities offer long-term retirement income value that goes beyond the initial starting income.

Annual increases in retirement income

With-profit life annuities provide the opportunity for income growth over the long term through annual increases linked to investment performance. Increases vary based on the performance of the underlying investment portfolio and the chosen increase category.

Just Lifetime Income provides an income that is paid for life and will never reduce, regardless of what happens to investment markets or how long you live.​

If you are looking for options to enhance your income in retirement while maintaining regular, monthly, guaranteed income payments for life, Just SA's with-profit standalone life annuity offers a good solution.

View the increase track record for each underlying investment portfolio by looking at our fund fact sheets.

Take a look at our modelled comparisons

Weighing up your options

We understand that comparing different annuity products can be complex. That's why we've developed a break-even analysis model which takes into account various factors to give you a clear understanding of the value you can expect from your with-profit annuity.

Click on the READ MORE button below to see how our with-profit annuity solution – Just Lifetime Income (in this case, JuLI StableGro) – compares to a fixed escalation annuity (in this case, a fixed escalation of 5% per year).

Choose your own linked investment

You can choose from over 10 options provided by some of South Africa's top asset managers. This allows you to tailor your annuity to align with your risk tolerance and investment preferences.

Independent asset management

Independent asset managers specialise in maximising investment returns on your retirement savings. Rest assured that your retirement savings are managed by professionals dedicated to maximising investment returns.

Choose one of three increase options

Just SA offers three increase options for JuLI: HiGro, HiYield and StableGro.

  • JuLI HiGro has the lowest starting income, with the highest future increases.

  • JuLI HiYield has the highest starting income, with the lowest future increases.

  • JuLI StableGro has a moderate starting income with moderate annual increases.


These options are priced to provide equivalent value for money at inception.

For all increase options we also offer the Advance feature, which exchanges participation in future investment returns for a higher starting income.

  • A higher starting income for JuLI in exchange for participation in the six-year average investment returns (after asset management fees) in excess of 15% per annum.

Find out more here, or download our product guide.

Important points

  • Once the policy has started, your purchase amount cannot be returned and there is no cooling-off period.
  • The policy has no surrender value at any time.
  • You cannot make any changes after the income starts.

The relative value of a life annuity, like Just Lifetime Income, should be a combination of the starting income, the increase potential (after all fees), and the level of guaranteed income.

We encourage you to seek advice from a financial adviser to better understand your options.

Your retirement income experts

Our team members have a track record of product innovation in the local life annuity market, and together with the expertise and intellectual property we leverage from our parent company, Just Group plc, we are able to provide a fair price and financial security for your retirement income.

Are you a financial adviser?

As a registered adviser, you can request a quote for Just Lifetime Income or any other of our life annuity options via JustQuote or in JustBlend for Just Lifetime Income in a blended living annuity. Please contact us to request registration details.

You may also need to provide:

  • The percentage (or amount) to switch into the Just Lifetime Income portfolio
  • Whether to add a Spouse’s Income or Minimum Payment Period
  • The chosen increase option*
  • The linked investment portfolio(s) for JuLI increases*

Underwriting is optional and can improve the annuity rate. This is a 20-minute phone call to your client, for which we will need a phone number and a convenient time to call.

*Depending on the partner’s living annuity arrangement

Just SA is an authorised financial services provider

Just SA is an authorised financial services provider. This communication and any related documents are intended for informational purposes only and should not be construed as financial advice. The information provided does not constitute an offer or solicitation to buy or sell any financial products or services. Before making any financial decisions, it is essential to seek advice from a qualified financial adviser who can assess your individual needs and circumstances.

Do you need more information?

Consider seeking advice from a qualified financial adviser. Contact us to request the details of an adviser in your area, or to find out more about our offering.

Cookie Notice

We use cookies to ensure that we give you the best experience on our website. Are you happy for us to use cookies? Read our Cookie Policy