For many South Africans, saving for retirement feels like a luxury – something to worry about later. Between home loans, ...

In the non-par product, guaranteed benefits are available on the death or survival of the annuitant. Know what can be monthly ...

The amount you receive each month depends on factors like age, gender and payout type, as you can see in the following examples. No two annuities pay out the same, because many variables come into ...

LIC Smart Pension Plan: The Life Insurance Corporation of India (LIC) has introduced a new scheme known as the Smart Pension Plan. This plan provides a comprehensive, secure, and flexible solution ...

State-owned Life Insurance Corporation of India (LIC) on Tuesday launched a single-premium smart pension plan that offers a range of annuity options for Single Life as well as Joint Life type of ...

Now, an annuity is sort of like a mortgage, but backward, in that a portion of each payment he receives is interest, and a portion is a tax-free return of his original capital. In his example ...

If planned accordingly, you can get substantial monthly payments with your annuity. For example, a $500,000 immediate annuity could pay out $2,547 monthly. We calculated this estimate for a 55 ...

The plan offers multiple annuity options to cater to different financial needs and retirement goals. Customers can choose an option that best fits their long-term financial planning. The minimum entry ...

You can buy an annuity when you gain access to your pension savings – at the moment that’s 55, due to rise to 57 by 2028. Types of annuity There are several types of annuities, but the main ...