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Products - Guaranteed Life Annuity - Technical details

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The Paramount Life Guaranteed Annuity Technical Details
 
The table below summarizes all the options available on the Paramount Life Guaranteed Annuity. These options are designed to meet your specific needs:
 
Technical Details
Increase Options
0% to 10% or CPI%
Lives Covered
Single            Joint
Lump Sums
Minimum of R50 000
Ages
Min: 55      Max: 100
Contribution Sources
Compulsory and Discretionary
13th Cheque
Every December or Anniversary
Escalation Expansion
1 to 10 years
Transition Benefit
Change: 0% to 10%
Length 1 year to 5 years
Maximum overall change: 50%
 
Paramount Life Guaranteed Annuity Recap
Income guaranteed for life
P
Lifestyle, smoker status and medical conditions considered
P
Activities of daily living underpin
P
No cross subsidisation
P
Enhancements can exceed 100%
P
Escalation Expansion™ reduces escalation cost
P
Transition Benefit™ ensures seamless retirement transition
P
 
 "Only 30% of people retire with sufficient income to sustain themselves in retirement. By looking at your own circumstances we maximise the return you can expect to receive on your investment in retirement"
 
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Paramount Life © 2012. All rights reserved.
Paramount Life is an authorised financial services provider and is underwritten by Guardrisk Life Limited.