Paramount Life has over the past 24 months developed a world leading offering of Insurance products for sale to individuals at retirement.
Our retirement products are designed to maximise your retirement income through:
- a more efficient underwriting methodology (patent pending)
- products that meet your income and capital protection needs efficiently.
South Africans that are nearing retirement are faced with a number of risks threatening their future retirement income.
These risks include:
These are greatly exacerbated by insufficient retirement funds—The average South African will retire with an income replacement ratio of 30%.
Paramount Life has addressed these risks through actuarially robust products that are focussed on providing complete protection and maximisation of your retirement income.
STEP 1: INCOME—The Paramount Fixed Annuity
Provides you with a guaranteed income for life.
The product options include:
Income is enhanced through efficient:
- Annual income increase options including an inflation linked option
- Joint or single life
You can receive in excess of 100% extra income.
Once underwritten Paramount Life will never reduce your income as a result of an improvement in your medical situation or lifestyle situation.
- lifestyle underwriting
- medical underwriting
STEP 2: CAPITAL PROTECTION — Estate Protect™
Total Benefit Technology ensures that capital protection in retirement can be efficiently dynamic which means easier
targeting of a Total Benefit to be received
You are able to choose the initial cover level and the pattern of cover in future.
Benefit is paid as a tax free lump sum
Estate Protect can be cancelled at any time which will automatically increase your income.
- A revolutionary product to provide guaranteed whole of life capital protection with no extra underwriting.