We offer a Just Lifetime Income, which is a post-retirement monthly payment (also called an ‘annuity’). It will provide you with a guaranteed and stable income in retirement. This income will never decrease no matter what happens to investment markets or how long you live.
You can purchase a Just Lifetime Income if you are leaving a retirement fund, or are transferring out of a living annuity before the age of 85.
The minimum amount you need to purchase a Just Lifetime Income is R50 000.
INCOME OPTIONS
We have the following Just Lifetime Income options:
INVESTMENT-DRIVEN INCOME
Your annual increases in income are targeted to increase with inflation, and are related to the performance of an investment portfolio.
For the investment-driven option, please view our product brochures, Fund Fact Sheets and 2018 Increase Notes for more information.
INFLATION-LINKED INCOME
Your income will increase annually in line with the Consumer Price Index (CPI).
FIXED-ESCALATION INCOME
Your income will increase annually by a percentage that you select at the beginning. The percentage can be anything from 1% to 10%.
LEVEL INCOME
Your income will stay the same every year.
All these income options give you the choice to nominate beneficiaries to continue receiving income payments for a certain time period after your death.
To purchase a Just Lifetime Income, please speak to your financial adviser. If you don’t have a financial adviser, please contact us at info@justsa.co.za and we will put you in touch with one.
A Key Information Document for each type of Just Lifetime Income is available here.
Just Lifetime Income as an asset class in a living annuity
An adapted form of Just Lifetime Income will be available as an asset class in a living annuity from 1 March 2017. Please click below if you would like further information.
A HIGHER INCOME
All the Just Lifetime Income types can be offered as ‘enhanced annuities’ – a guaranteed monthly income that pays you more based on certain health and lifestyle factors, such as a chronic illness, or smoking.
Do you qualify for a higher income?
FOR MORE INFORMATION
- Please view our Enhanced Annuities brochure and Case Studies brochure.
- To view our Principles and Practices of Financial Management (basically, how we manage certain products), click here.