Personal Pension Plan
I guess you have exciting plans for your retirement? It may be years away or just around the corner, in either case, how you will spend your retirement depends on how well you plan. After working hard all your most active years you deserve to have a comfortable and secure retirement. Before you retire is a critical time for planning to build the financial cushion that will fund and meet that goal. It is solely your responsibility to plan that retirement now and that is why we have designed a personal pension plan that gives you the opportunity to enjoy that life you truly deserve.
What Personal Pension Plan
This is an immediate annuity product which ensures that you receive a steady stream of guaranteed income throughout your lifetime.
Main Features:
- This plan ensures that the Annuitant receives regular income for his or her upkeep throughout his or her lifetime.
- Retirees no longer worry about out-living their income
- Annuity Escalating options 5% or 7.5%
- Provision of income for dependents
- In the event of the Annuitant’s demise within the guarantee period, the outstanding annuity payments before the expiration of the guarantee period shall be payable in a lump sum to a named beneficiary(ies) or to the administrator of the estate of the Annuitant.
- The Annuitant could also opt that the beneficiary(ies) continue to receive the outstanding payments due within the Guarantee Period.
Other unique features of the plan:
- Four Guarantee periods to choose from:
| Options | Guarantee Period |
|---|---|
| 1 | No / Zero Guarantee |
| 2 | 5 years |
| 3 | 10 years |
| 4 | 15 years |
- Payment options: You have the option of selecting level annual annuity payments or escalating annual annuity payment which will hedge your income against inflation
- Withdrawal Option: You may access some income within your chosen Guarantee period to cater for any critical or terminal illness
Click here to fill proposal form