Retirement and planning
Retirement can be a challenging time for many. Income is reduced significantly, and expenses increase due to inflation and even medical complications that occur due to age. Effecting a retirement plan will ensure that your financial security and standard of living are maintained after retirement.
Life Secure
This is one of two registered annuities. This means that you can get additional annual tax breaks (up to $90,000 a year). Additionally, you can access up to 25% of the fund value in cash at maturity tax free as well. This is an awesome way to save for your retirement and allow the young you to protect the older you!
Lifestyle Special Edition
This product is also a registered annuity affording you additional annual tax breaks. It operates as an investment where the funds accrued are determined by market performance. Apart from being an excellent way to plan your retirement, it is also an excellent way to enter the world of investment.
Individual Personal Investor
This product is an unregistered annuity and, as such, there are no tax incentives. This product is a way to enter into the world of investment as well because the returns depend on market performance. This product can also be used to access cash before the maturity of the product.