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Making Money Selling Annuity To Retiree - Politics - Nairaland

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Making Money Selling Annuity To Retiree by tunjijones(m): 8:29pm On Jun 14, 2015
Do you know you can actually make money by selling Annuity to a retiree. I work with an insurance company that has licence to sell Annuity to those who have retired from service. What is Annuity? Let me start by breaking it down as simple as possible. PENSION reform act come to the fore in 2004 which makes it compuslsary for all workers to have an amount which is 8 percent saved every month while the company u are working for contributes 10pecernt for you every month. For example if you earn 100000 you save 8000 and ur company save 10000 which makes a total of 18000 you save every month. You wld have access to this money when you retire. But remember you wld nt be giving all dis money @ onces. If after working for 30yrs and you have 8,000,000 in ur pension account you wld have access to 4m while the other 4m will be paid to you every month. So this oda half of the money u wld either live the money with pension or you use the money to buy annuity in an insurance company.
This is where you can make cash. For every annuitant (retiree) you bring you get 2percent of whatever the annuitant(retiree) bring. This is called commission and its totally legit.

Please lemme knw if anybody is interested in making this side cash.

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