Planning for retirement is one of many things that need serious scrutiny. There are a number of things that you need to consider before choosing a retirement product. Many choose a combination of retirement products so that they can cope financially during retirement.
When choosing a retirement product, you need to consider the following:
From such considerations, you will be able to make sound investment decisions for your retirement. The aim of investing for retirement is to maintain your current lifestyle while looking at equaling or beating the inflation rate. This means that you will need to save most of your income and in many cases, you need to save around 25% of your current income.
With the above considerations made, it will now be easier to invest with Assupol. Assupol has a number of retirement products to suit the needs of different retirees. It can provide you with a living annuity, a lump sum payout, or a combination of both.
Assupol has 3 retirement solutions for anyone that wants to invest in their future. The Assupol Retirement solutions include:
In this section, we will discuss all the 3 retirement solutions that are offered by Assupol.
The Carefree Life Retirement Annuity from Assupol is a retirement plan that allows members to contribute monthly premiums or make a once-off payment to the account. Those that want to pay monthly premiums can start from R180.00 per month.
Assupol allows investors to choose from a number of funds to invest in. The investment funds available are from third-party mutual fund management companies and unit trusts. Before you invest your money into a fund, speak to a financial advisor to guide you especially if you don’t have any financial mathematics or management.
The Carefree Life Retirement Annuity policy highlights
Having consistent income at retirement is crucial especially if you are used to a certain lifestyle. The Ultimate Retirement Income 4life by Assupol helps clients to maintain their lifestyle throughout retirement. This policy is for those that are over the age of 55 or older.
With the Ultimate Retirement Income 4life policy, Assupol takes the investment risk, therefore, as an investor, your capital is guaranteed. The guarantee of your principal investment can be up to 100%.
By living a longer life, you won’t risk having your living income getting exhausted at any point. Through the rewirement feature, the Ultimate Retirement Income 4life policy ensures that your living income increases relative to your needs. The policy takes into account inflation.
The Ultimate Retirement Income 4life policy highlights
Jobs may not be secure as we may think, therefore, should you lose your job because of being retrenched, dismissed or by resignation, it is always wise to save up your payout from your employer. The Assupol Preservation Fund helps those that are dismissed, retrenched or resigned from their duty to preserve their payout.
The Assupol Preservation Fund comes with two options to choose from. Options include the Assupol Pension Preservation Fund and the Assupol Provident Preservation Fund. These funds can be used to safeguard retirement savings when members change jobs, get retrenched or if they are no longer a member of their employer’s pension or Provident fund.
The Assupol Preservation Fund policy highlights
Conclusion
The Assupol Retirement Products provide a safety net for retirees and help those that are still employed to plan for their retirement. Different retirement packages are there to choose from and are also affordable.
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