South African life insurers are currently offering annuity rates at highs rarely seen over the past 20 years, which is good news for retirees looking to buy a guaranteed income for life with their retirement savings.
Life Annuities: The Comeback Kid of the 2020s
Life annuities have made quite a comeback in the 2020s. We believe there are three main reasons, and we explore these reasons in our latest Just In Adviser Newsnote.
Living annuity clients don’t need to become a burden on their children
Ensure that your clients have an income in retirement, which is guaranteed for life, so they do not risk becoming a financial burden on their dependants later in life. Life annuities are proving to be a suitable solution for this reason, and because they provide certainty and security.