Guaranteed Lifetime Retirement Income Plan (GLRP) is an immediate annuity plan that seeks to help you maintain your desired lifestyle in retirement by converting your pension lump sum into a regular stream of income.
- Guaranteed and steady income for life.
What’s in it for YOU?
- Guaranteed income for life subject to a minimum of 10 years.
- Regular income to a dependent in the event of the annuitant’s demise, if the option is chosen.
- Depending on the chosen option, income received can be protected from inflation or remain at a flat rate throughout the duration of the policy.
Please do not pay cash to/through our Financial Advisor or staff.
Who is it for?
- Prospective retirees who intend to convert their RSA account balance to regular income streams
- Those who want a product which ensures that they do not outlive their assets
- Individuals who have a personal lump sum they want to convert to regular income
- Those who desire a plan that will pay them for life
Your Commitment - Use your RSA balance (or lumpsum) to buy a Retirement Income Plan from us, to last the rest of your life
- Decide on the kind of income you want
Please do not pay cash to/through our Financial Advisor or staff.
- Premium can be paid through the following channels:
- Complete a direct debit form
- Complete a standing instruction form with your bank
- Electronic transfer from your account to our account
- Deposit into our bank account
- Please include your name and policy number on all payments.
Please do not pay cash to/through our Financial Advisor or staff.
Other Product
Personal Retirement Plan
This plan ensures that you are in control of your life even during your golden years.
