Let us help protect you and your family from the financial impact of life's unexpected events such as death, disability and critical illness.
At Liberty, we offer investment solutions that can help you, as an individual, reach your investment goals.
Buy Life Cover, Salary Protection, Serious Illness and Disability Cover online.
Your family means a lot to you. What steps should you take to ensure that their current and future needs are met?
Liberty Corporate offers a wide range of risk and annuity products, tailored to an employee’s unique needs.
Liberty Corporate has a range of investment portfolios suitable as retirement funds and for businesses.
Liberty Corporate’s umbrella solutions give you the flexibility to structure employee benefits.
Liberty Corporate’s fully fledged administration team provides a comprehensive fund administration service.
Liberty Corporate provides a multitude of specialist consulting and actuarial solutions.
What happens to your retirement savings?
You have various options available to you regarding your retirement savings when leaving your employer before your retirement date. For information regarding leaving your employer at retirement, visit the Ready for retirement? page.
What could you do with your retirement savings if you leave your employer, before retirement?
You may choose to keep your savings invested in the fund at competitive institutional rates in any available investment portfolio(s)
You may choose to take your savings in cash but it may be subject to tax
You may move your savings to your new employer, if applicable, and if the new fund allows it
You may preserve your savings, i.e. move your savings into a preservation product outside the fund
If you do nothing, your savings would automatically be preserved.
What happens to your risk benefits?
Once you leave your employer, the risk benefits you have available to you through the fund will fall away. To remain protected for uncertain events that you were covered for, you may be able to purchase similar individual policies through exercising a conversion option, if your employer has chosen to take this up on your behalf.
The conversion option will allow you to apply to retain your relevant insured cover in a similar individual policy when leaving your employer. Should you be interested in exercising a conversion option, you need to apply for this within 60 days of leaving the fund.
By exercising the conversion option, you will be entitled to individual products (which are available at the time of applying to exercise the conversion option), with little or no underwriting.
Although these individual products will be similar to the group risk products you currently have available to you, they will not necessarily be subject to the same terms, restrictions and limitations.
Contact your fund financial adviser if you are unsure what to do when leaving your employer or for further information regarding your preservation and possible conversion options. Alternatively, you can contact Liberty's benefit counsellors on firstname.lastname@example.org or 011 558 2999.
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