A blended annuity allows annuitants to structure a suitable combination of guaranteed and flexible income. Ideally, the guaranteed portion of the blended annuity should give a retiree sufficient monthly income to cover the basic cost of living.
Just SA created a framework to help you calculate – for an individual client – how much to allocate to the life annuity component based on their profile, so that the guaranteed portion of their retirement income will indeed be enough to cover their essential expenses.