Annuities

NICO Life offers very competitive annuity rates on the market.

Various options are available at retirement which include the following:

  1. Guaranteed Periods of :-
    • 0 Year Guarantee - providing the highest pension that ceases immediately on death of a pensioner;
    • 5 Year Guarantee - providing a higher pension that is guaranteed for a minimum period of five years with the pension ceasing if death occurs after the 5 year guaranteed period.
    • 10 Year Guarantee - providing a high pension that is guaranteed for a minimum period of ten years with the pension ceasing if death occurs after the 10 year guaranteed period.
  2. 2. Self-funded Growth Pensions:- There is an option of electing a non-growth or growth pension as follows:-
    • Non-growth Pension - a pension that will remain constant throughout it's payment period.
    • Growth Pension - a pension that will grow by a specific percentage per annum selected e.g. 5%, 10%, 15% or 20%.
 
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