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5 things you may not know about life annuities
By Supplied
By Segabe Ditodi
Recent research has shown that retirees’ appetite for risk has decreased and that they seek security and comfort, particularly in times of uncertainty. This has translated into a renewed interest by financial advisers and pensioners to explore guaranteed lifetime income solutions, more commonly known as life annuities.
Despite the perception that life annuities are complex retirement products, they present a practical solution to protect against investment market volatility and increased longevity.
Amid the market instability brought on by Covid-19, retirement income specialist Just reported record demand for life annuity solutions from South African pensioners looking to lock in an income for life. Yet following recent engagements with SA’s over 50s regarding retirement in the present economic context, some retirees still have questions when it comes to life annuities. ....

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