Income for Life Benefit

HOW INCOME FOR LIFE WORKS

Are you about to retire and have no idea what to do with your fund credit?

THIS IS HOW IT WORKS

You can use all your fund credit to buy our income for life.

  1. You "buy" the product with your fund credit and, in return, receive a guaranteed monthly rand amount for the rest of your life.
  2. A large portion of the money is invested which provide the steady guaranteed part of your income for life.
  3. Your guaranteed income for life will rise in line with bonuses declared (usually annually); these are based on the investment returns.

EXAMPLE

If you pass away 10 years after you retire, your nominated beneficiaries will receive a lump sum of total income left.



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