Deferred Annuity

A Deferred Annuity is a long-term financial plan that allows individuals to invest today and receive a guaranteed, regular income during retirement. This income begins at a future date upon retirement and continues for the rest of your life. The scheme is designed to support both you and your spouse, offering joint annuity options to ensure lasting financial security for your family. The DA offers the following Annuity Options:

• Life Annuity: Monthly income for life
• Life Annuity Guaranteed for 10 years: Monthly income for life with guaranteed payouts for 10 years
• Joint Life Annuity: Monthly income for lifetime for you and your spouse
• Joint Life Annuity Guaranteed for 10 years: Monthly income for lifetime for you and your spouse with guaranteed payouts for 10 years

BENEFITS

Social Security

Regular income stream

Investment Avenue

Eligibility

• Entry Age: 18 – 60 years
• Minimum Accumulated Fund for Annuity Payout: Nu 100,000
• Minimum Contribution Period: 5 years
• Payment Mode: Monthly, Quarterly, Half-Yearly, Yearly, or Single
• Retirement Age: Annuity provided at 50, 55, 60, or 65 years

Benefits

• Retirement Income
• Lifetime Investment
• Joint Life Annuity Option
• Optional Life Insurance Coverage
• 100% Tax Waiver