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What is a life annuity?  

This short video aims to give you an easy-to-understand overview of life annuities, and how they work. A life annuity is an insurance product that trades your savings for regular income payments for the rest of your life, guaranteed. This retirement income (or a pension) will never reduce, regardless of what happens to investment markets or how long you live. Because of this guarantee, a life annuity is becoming a more popular solution among South African retirees, especially those who have just enough (or not enough) saved for retirement.

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