Approved risk benefits
The risk benefits your employer provides have important tax and distribution differences that most employees don’t think about until they make a claim. In these videos, Isabella Zagato and William Jonker explore the difference between approved and unapproved risk benefits, how each is taxed, what happens to your benefits when you die and why understanding free cover limits could make a big difference to the protection you and your family receive.
Explained by our expert
About me
Isabella holds a BCom Honours in Actuarial Science from the University of Cape Town and works at the intersection of investments, quantitative analysis and product development at Sygnia Asset Management. She began her career as a Junior Quantitative Analyst at Sygnia in February 2024 before being appointed Investment Product Specialist in January 2025. Her actuarial background gives her a strong analytical foundation, which she applies to developing investment solutions and helping make complex investment concepts easier for members to understand.
Video Transcript
An approved risk benefit is insurance provided through your retirement fund that pays a benefit if you die or become disabled. It helps protect you and your family from financial hardship when something unexpected happens.
