JUST FIXED ESCALATION INCOME
You select the percentage by which your income will increase each year. This can be between 1% and 10% and is chosen upfront.
This product helps you to get partial protection against inflation if you cannot afford full protection. Your income will continue to increase by this percentage every year for the remainder of your life.
The greatest risk is that inflation may increase significantly above the percentage of increase selected.
Product conditions and details
|Minimum entry age||50|
|Maximum entry age||85|
|Minimum purchase amount||R50 000|
|Optional product features|
|Spouse's income||25% to 100% of lifetime income|
|Minimum payment period||5, 10, 15 or 20 years paid as a lump sum or as a continuing income to your nominated beneficiary(ies)|
Please also read the Just Fixed Escalation Income key information document for more information.