Annuity - Life Pension

Annuity - Life Pension

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19/09/2018

Facts about Annuity life pension.
1. Annuity is a life pension payment for retirees.
2. Annuity is jointly regulated be the National Pension Commission...Pencom and National Insurance Commission... Naicom
3. Annuity is enshrined in the pension reform act 2004 and as amended 2014.
4. Annuity pays higher than programmed withdrawal up to 40% higher except in cases where a retiree has excess arrears.
5. Loan on Annuity life pension is guaranteed
6. Annuity has two guarantee period 10 year for the family and a life time pension payment till death for the retiree.
7. Annuity has 3 pay-out options for death applications.
8. All Annuity life pension application must go to PenCom for approval.
9. Annuity funds are domiciled with the Pension Custodian. Meaning that no fund is with the Insurance company.
10. Annuity is 100% safe.

23/05/2018

I will like to introduce annuity pension that pays for life. The 2004 pension reform act as amended in 2014 gives you two pension option. Programmed withdrawal and annuity for life. Features of annuity.(1) It pays for life (2) pension monthly payout is 15% - 35% higher than programmed withdrawal (3) You can take loan on your pension (4) The pension asset is kept with the pension fund custodian ie the fund is not held by assurance companies.5) It is not affected by market forces (gain/loss) (6) you can put more persons as your beneficiary (7) For death claims annuity is free but in programmed withdrawal you pay 10% as probate fee and legal charges e.g for every 1milloin you beneficiary pays #100,000.00 and claims is within 2 months to 1 year annuity death claims is within a week and is free. You can contact me for further enquiries

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