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.
When nearing retirement, it is important for you to consider the options that are available to provide you with a regular income during retirement, as well as any necessary risk cover, to ensure that you retire as financially comfortable as possible.
Your Annuity options
Annuities may be purchased, using your retirement savings, to provide you with a regular income during retirement. The Board of Trustees has chosen two annuities to be the most suitable for majority of the fund's members:
The Liberty Corporate Growth Pension (2018) provides you with a known starting income and inflation-targeting increases in your retirement. It may be useful if you would like to receive an income that will never decrease in Rand terms, is guaranteed for life, and also aims to keep up with inflation. It is important to note that yearly increases target inflation but does not guarantee meeting it.
Liberty Corporate Growth Pension (2018) brochure
The Liberty Corporate Group Living Annuity allows you to manage your investments and the income you receive each year. This may be useful if you would like to manage your money according to your personal preferences.
Liberty Corporate Group Living Annuity brochure
A list of our Living Annuity investment portfolios and their associated investment management fees can be found here: Living Annuity Portfolio List
You could consolidate all of your retirement savings (including those currently outside of the fund) into one, or into a combination of these annuities.
Your Risk Benefit options
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 for further information regarding your annuity and risk benefit options. Alternatively, you can contact Liberty's benefit counsellors on email@example.com or 011 558 2999.
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