Annuity

Turn your savings into a secure, guaranteed income for life.

The most important decision to make at retirement is how to secure enough income to live comfortably for the rest of your life come rain or shine.

An annuity enables you to convert your retirement savings into a regular income for the rest of your life, no matter how long you live.

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Annuity Features

An Income for Life

No matter how long you’ll live after retirement, an annuity will provide an income for life, worry-free.

A fixed or increasing income

You have the option of a fixed income that always stays the same or setting your income to increase annually to keep pace with inflation.

Payment options

You can choose monthly or quarterly payments

Options to support your dependents

You can opt for our income to be paid to a loved one after you die.

Guaranteed payment period

You can guarantee income for a specific period of time, such as 20 years and if you die within this time, income will be provided to your loved ones on a regular basis until the conclusion of the term.

What You Should Know

You ought to be quite certain of your choices, as there's no going back once your annuity has started.

Your income is taxable Income is taxable based on your income tax rate.

Annuity can’t be surrendered or cashed in.

You may receive less income payments than the amount of savings you used to buy the annuity, depending on the options you choose and how long you live.

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Annuities offer a powerful tool for retirement planning, providing a way to convert a lump sum of savings into a steady and predictable income source, reducing the risk of outliving one's assets.