An annuity turns retirement savings into a steady income: you pay the insurer a one-time amount and receive regular payments for life—immediate or deferred, with fixed or variable options.
Annuity fund
What it is
An annuity is a way to turn your retirement savings into a steady income for the future.
You pay the insurer a one-time amount (this could come from your pension savings), and in return, the insurer pays you a regular income. You can start receiving this income immediately (immediate annuity) or choose a future date that suits you.
Payments continue until the end of your life and stop when you pass away.
Why choose an annuity
- Secure a lifetime stream of payments by investing a single premium from your accumulated retirement savings.
- Tailor your annuity to your preference—opt for a fixed or variable annuity.
- In a fixed annuity, enjoy a consistent payout, while a variable annuity links your payments to mutual fund performance. Choose security with Jubilee Life Insurance.
Key benefits
- Fully customizable
- Top up is allowed
- Flexible payment: monthly, quarterly or biannually
- Guaranteed lifetime income
- Tax-free for retirees above 65 years
Request a quote for an annuity fund and we will help you compare fixed and variable options.
