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For Pensioners: Why U Need To Do Annuity. - Investment - Nairaland

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For Pensioners: Why U Need To Do Annuity. by drceejay(m): 3:28pm On Aug 18, 2017
Your Pension: Making An Informed Choice.

Under the new contributory scheme, governed by the Pension Reform Act 2004, a potential retiree,while in active service,is expected to know what his or her retirement options are.

A retiree is expected to have sufficient knowledge of
* Annuity* and * Programmed Withdrawal"

Annuity
This is an option that provides regular payment to a retiree/pensioner for life.

Annuity features
1. Guaranteed life time income payments to the pensioner as long as he or she is alive

2. The lump sum ( money) is protected from creditors.

3. There is no limit to the amount a retiree or pensioner can put into annuity, you therefore have tax free investment of your funds.

Programmed Withdrawal

This is Also an option that is calculated on an expected life span, meaning that the pensioner will be paid for a fixed number of years,after which he or she ceases to earn any further income from his PFA again.

Why U should choose Annuity over Programmed Withdrawal.
Annuity pays a retiree/pensioner for life( as long as he lives even if he or she exhaust the money in his or her annuity account)
But programmed withdrawal , a retiree is paid for a fixed number of years, then he stops collecting money from his PFA when he or she exhaust the money in his RSA account.

Annuity is only paid by an Insurance Company.
Looking for an Insurance Company to invest Ur Money. Look no Further.

African Alliance Insurance PLC is the right place to do Annuity.

Why U should Choose African Alliance Insurance PLC.

* African Alliance Insurance PLC was incorporated in 1969 and the First Indigenous Insurance Company to carry out the Business of Life Assurance in Nigeria, spanning over 57 years of existence.

* African Alliance Insurance PLC has established a solid reputation for excellent customer service and PROMPT CLAIMS SETTLEMENT

* African Alliance Insurance PLC branch network is spread across all the six geo- political zones of Nigeria
Aba, Abia State, Abakaliki, Ebonyi State, F.C.T Abuja, Aspamda, Lagos State, Awka, Anambra State, Benin, Edo State, Calabar, Cross River State, Enugu, Enugu State, Ibadan, Oyo State, Ikeja, Lagos State, Ilupeju, Lagos State, Jo's, Plateau State, Kaduna,Kaduna State, Kano, Kano State, Onitsha, Anambra State, Port Harcourt, Rivers State , Uyo, Akwa Ibom.State with Head Office in 61, Marina Lagos.
Re: For Pensioners: Why U Need To Do Annuity. by drceejay(m): 3:33pm On Aug 18, 2017
IF U Want to do Annuity .U can Contact me on 07036874269
Annuity pays U for Life.

Re: For Pensioners: Why U Need To Do Annuity. by drceejay(m): 8:53pm On Aug 21, 2017
To know more about African Alliance insurance PLC.U can check out our website
http://www.africanallianceplc.com

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