| RETIREMENT PLAN | |
| RETIREMENT SAVINGS PLAN | Saving for retirement |
| Can be used to support contributions to RSA | |
| MIN ENTRY AGE: 25 | |
| MAX ENTRY AGE: 49 | |
| MIN TENURE: 1yr | |
| MIN MONTHLY PREMIUM: N50,000 | |
| MAX MONTHLY PREMIUM: N600,000 | |
| CONTRIBUTIONS: Monthly, Quarterly, Bi-anually, Yearly | |
| BENEFITS | Policy Loan |
| Less Tax on Contribution | |
| Contributions is paid back to beneficiary in the event of death | |
| Surviving Spouse Benefit(optional & only applicable for single premiums): Upon death, Spouse gets 50% of d value of d regular income payments that u were getting for d rest of His/Her life. | |
| Can be converted to RETIREMENT INCOME PLAN to enjoy income for life | |
| Policy can be surrendered(subject to applicable charges) during accumulation phase. | |
| RETIREMENT INCOME PLAN | For people who are about to retire/have already retired |
| Buying a fixed regular income with your retirement savings for the rest of your life | |
| MIN ENTRY AGE: 50 | |
| MAX ENTRY AGE: 70 | |
| TENURE: Whole Life | |
| PREMIUM: A Lump Sum From Your Retirement Savings | |
| PAYMENT OPTIONS TO THE POLICY HOLDER: Fixed/Increasing Income at 5% or 10% per year( Monthly, Quarterly, Bi-anually, Yearly) | |
| INCOME AMOUNT GUARANTEE(optional - 5yrs/10yrs): If smth happened to u, we would pay someone else that u have specified either as regular payments or lump sum based on the available value. This option makes u eligible for burial expense benefit. | |
| BENEFITS | Regular Income on pre-specified dates for d rest of your life |
| Less Tax on Contribution | |
| Flexibility: You can choose a fixed amount or an Income that increases annually | |
| Income is paid from d month d plan is purchased | |
| Surviving Spouse Benefit(optional): Upon death, Spouse gets 50% of d value of d regular income payments that u were getting for d rest of His/Her life. | |