NICO Life offers very competitive annuity rates on the market.
Various options are available at retirement which include the following:
- 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. 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%.