Enjoy life while living it with life annuity and capital protection

Life is precious, and so too is your quality of life. Yet, when it comes to retirement, many people are unprepared (or underprepared) for the life that still lies ahead. We believe that life is meant to be lived fully no matter one’s age. To that end, we have a solution:

Liberty Life Annuity with Capital Protection guarantees you an income after retirement and a pay-out to your beneficiaries should you pass away.

The insurance package essentially consists of two parts:

• A Life Annuity policy
• A Life Cover benefit

Life Annuity policy

The Life Annuity policy provides you with a guaranteed income that continues to pay out as long as you live, meaning that there is no longevity risk. The income that is paid out is predetermined and thus not linked to market volatility. You also have freedom in the way your income matches your needs.

Life Cover benefit

The Life Cover benefit doesn’t require you to undergo all sorts of medical checks if you meet the terms and conditions of the package*. Depending on the amount of capital you want to protect, you can decide your cover amount (up to the full purchase value of life annuity) and if a valid claim is submitted, your specified amounts will be paid out to your beneficiaries. The Life Cover policy also gives you flexibility in determining the Life Cover amount, based on your circumstances, with the ability to take out multiple Life Cover benefits.

*This risk protection package is available to persons between the age of 55-80 (without medical underwriting required); if you are under the age of 55, a medical assessment may be required.

What benefit is there to your beneficiaries?

Your beneficiaries will not have to use their own funds to cover any unexpected expenses that occur following your passing. Instead, the Life Cover benefit can be used to cover the final expenses associated with your passing, estate duty costs, any outstanding debt, any loss of income that your dependants relied upon, and any unexpected expenses if you are diagnosed with a terminal illness.

How do you pay for the Life Annuity?

The package can be purchased by way of Compulsory retirement savings or Voluntary monies, each of which will have different tax implications.

Enjoy life while living it

To take advantage of the opportunity to secure a steady income post-retirement, get in touch with us today. Life should continue to flourish no matter your age. Make it happen.

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This article is a general information sheet and should not be used or relied upon as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice. Errors and omissions excepted (E&OE)