High blood pressure can mean higher retirement income

17 May 2016
Today is World Hypertension Day.

Research conducted in 2014 revealed that South Africa has the highest rate of hypertension reported for people aged 50 and over in the world, at any time in history.* Current estimates indicate that 6.3 million South Africans suffer from hypertension**.

Hypertension makes sufferers more susceptible to life-threatening diseases like strokes and heart disease – two of the conditions that could qualify a client for an enhanced annuity from Just Retirement. I’d like to show you two case studies that illustrate the uplift that a hypertensive applicant could receive from a Just Retirement Enhanced With-Profit Annuity.
Quote Specifications
PRI% : 2% (targets 100% of inflation)
Underwriting : Yes
Enhanced Initial Level Income : No
Case Study 1
Linda is 55 years old. She is taking early retirement and has R1 million in her retirement fund. Linda has hypertension and has suffered from diabetes since she was 35. A conventional with-profit annuity would have paid Linda a starting monthly income of R4 640. Her Just Retirement Enhanced With-Profit Annuity will pay her R4 860 per month – an uplift of 4.5%.
Case Study 2
Irfan, a machine operator, has a purchase sum of R500 000 at age 60. He is overweight and has high cholesterol and hypertension. His particular socio-economic, health and lifestyle factors qualify him for an uplift of 6.5% from a Just Retirement Enhanced With-Profit Annuity. He will receive R3 240 per month from Just Retirement instead of R3 029 from a conventional with-profit annuity.

Like Linda and Irfan, your client could be one of the 6,3 million South Africans who suffer from hypertension - and could receive an uplift from Just Retirement. The uplift, combined with the product’s superior investment returns earned from the underlying investment strategies, will improve the outcome for your client.

We look forward to quoting for your clients!

Till next time.

*International Journal of Epidemiology 2014
**Heart and Stroke Foundation 2015
If you have any queries please email
Rethink Retirement