Single Premium Immediate Annuity

Single Premium Immediate Annuity

A single premium immediate annuity is a contract with an insurance company whereby you pay them a sum of money up front and they pay you a certain amount of money periodically for the rest of your life.

What we offer

At retirement, a single premium is paid from the accumulated retirement savings to guarantee a lifetime stream of payments. Our single premium immediate annuity can be a fixed annuity or a variable annuity. In a fixed annuity, the payout is a fixed amount each period while with a variable annuity, the payout is linked to the performance of a mutual fund.

Benefits at a glance

  • 1Financial security
  • 2Tax free for retirees over 65 years
  • 3Fully customisable
  • 4Guaranteed lifetime income fund

I'm retired - goodbye tension, hello pension!

Our job is to help you choose the right insurance cover for you so that you may Live Free!

I need assistance

Get assistance