Have you come into a windfall like an inheritance, a large payout or are you just looking for ways to stretch your money longer? A single premium immediate annuity is a contract with Jubilee whereby you pay an initial sum of money up front, and thereafter get paid a certain amount of money periodically for the rest of your life.
Why get the Single Premium Immediate Annuity?
- At retirement, a single premium is paid from the accumulated retirement savings to guarantee a lifetime stream of payments.
- Our single premium immediate annuity can be a fixed annuity or a variable annuity.
- In a fixed annuity, the payout is a fixed amount each period while with a variable annuity, the payout is linked to the performance of a mutual fund.
Key Benefits
Top up is allowed
Flexibility on payouts monthly, quarterly, biannually or annually
Control of how much you draw down
Guaranteed lifetime income fund
Tax free for retirees over 65 years of age
Financial Security
Fully customisable
