Liberty's inflation linked annuities provide an income to policyholders which is guaranteed to increase annually with inflation, as calculated by Stats SA. These annuities can either be paid for the life of the policyholder or for a specified fixed term, for example, seven years. The annuity can also be structured in such a way that it continues to pay the beneficiaries of the policyholder in the event of the policyholder's death; for example, a spouse's reversion can then be applied. This means that should the spouse's reversion be 60%, the spouse will receive 60% of the annuity income that was paid to the principal life before the date of his or her death.
Guaranteed periods can also be acknowledged within the structure where the income does not reduce at all over this period, regardless of an incidence of death or not. Lump-sum death payments can also be offered to assist with any associated costs a policyholder's death might incur upon the policyholder's family.
Inflation linked annuities are ideal for defined benefit pension funds looking to transfer their pensioners to Liberty as an insurer in order to increase the underlying benefit security of the annuity payments. In this event, all of the associated risks are also transferred to Liberty.
For defined contribution pension funds, our inflation linked annuity can form part of the funds' default annuitisation strategy at retirement. Here, the future increase profile and other benefit features of an annuity can be set, taking into account a member's retirement needs and objectives.
Inflation linked annuities help businesses manage the risks associated with non-retirement employee benefits, for example, post-retirement medical aid subsidy obligations. The inflation linked annuity can be used either to mitigate the risks associated with this employee obligation or to completely remove the liability from the business's balance sheet. For more detail on this solution, please visit our PRMA Solutions offering.
Our inflation linked annuities can also be combined with our investment offering to structure an appropriate, liability-driven solution for a retirement fund or business. See our Liability Driven Solution section for more detail on these opportunities.
Liberty's inflation linked annuities provide an income to policyholders which is guaranteed to increase annually with inflation, as calculated by Stats SA. These annuities can either be paid for the life of the policyholder or for a specified fixed term, for example, seven years. The annuity can also be structured in such a way that it continues to pay the beneficiaries of the policyholder in the event of the policyholder's death; for example, a spouse's reversion can then be applied. This means that should the spouse's reversion be 60%, the spouse will receive 60% of the annuity income that was paid to the principal life before the date of his or her death.
Guaranteed periods can also be acknowledged within the structure where the income does not reduce at all over this period, regardless of an incidence of death or not. Lump-sum death payments can also be offered to assist with any associated costs a policyholder's death might incur upon the policyholder's family.
Inflation linked annuities are ideal for defined benefit pension funds looking to transfer their pensioners to Liberty as an insurer in order to increase the underlying benefit security of the annuity payments. In this event, all of the associated risks are also transferred to Liberty.
For defined contribution pension funds, our inflation linked annuity can form part of the funds' default annuitisation strategy at retirement. Here, the future increase profile and other benefit features of an annuity can be set, taking into account a member's retirement needs and objectives.
Inflation linked annuities help businesses manage the risks associated with non-retirement employee benefits, for example, post-retirement medical aid subsidy obligations. The inflation linked annuity can be used either to mitigate the risks associated with this employee obligation or to completely remove the liability from the business's balance sheet. For more detail on this solution, please visit our PRMA Solutions offering.
Our inflation linked annuities can also be combined with our investment offering to structure an appropriate, liability-driven solution for a retirement fund or business. See our Liability Driven Solution section for more detail on these opportunities.
Liberty's inflation linked annuities provide an income to policyholders which is guaranteed to increase annually with inflation, as calculated by Stats SA. These annuities can either be paid for the life of the policyholder or for a specified fixed term, for example, seven years. The annuity can also be structured in such a way that it continues to pay the beneficiaries of the policyholder in the event of the policyholder's death; for example, a spouse's reversion can then be applied. This means that should the spouse's reversion be 60%, the spouse will receive 60% of the annuity income that was paid to the principal life before the date of his or her death.
Guaranteed periods can also be acknowledged within the structure where the income does not reduce at all over this period, regardless of an incidence of death or not. Lump-sum death payments can also be offered to assist with any associated costs a policyholder's death might incur upon the policyholder's family.
Inflation linked annuities are ideal for defined benefit pension funds looking to transfer their pensioners to Liberty as an insurer in order to increase the underlying benefit security of the annuity payments. In this event, all of the associated risks are also transferred to Liberty.
For defined contribution pension funds, our inflation linked annuity can form part of the funds' default annuitisation strategy at retirement. Here, the future increase profile and other benefit features of an annuity can be set, taking into account a member's retirement needs and objectives.
Inflation linked annuities help businesses manage the risks associated with non-retirement employee benefits, for example, post-retirement medical aid subsidy obligations. The inflation linked annuity can be used either to mitigate the risks associated with this employee obligation or to completely remove the liability from the business's balance sheet. For more detail on this solution, please visit our PRMA Solutions offering.
Our inflation linked annuities can also be combined with our investment offering to structure an appropriate, liability-driven solution for a retirement fund or business. See our Liability Driven Solution section for more detail on these opportunities.