Endowment plan. This type of insurance provides a policy benefit payable either when the person insured dies or on a stated date if the insured is still alive on that date (the maturity date). That is, it pays a fixed benefit whether the insured survives to the maturity date or dies before that maturity date.
Life Choices. This is a critical illness plan which provides a lump sum payment if you are diagnosed with a critical illness. It frees you from worrying about finances, allowing you to focus on getting well.
Flexible Premium Annuity (FPA). This policy is a deferred annuity. What this means is that it is a type of long-term personal retirement account, which allows you to save and invest now, with an option to receive a stream of income at a later date (at retirement). The plan is registered with the Board Of Inland Revenue as a tool which allows you to reduce the amount of income tax you have to pay now. Our FPA offers benefits unmatched by similar plans on the market. Learn more about this policy here
Unregistered Flexible Premium Annuity. This policy is similar to the FPA (above) but is not registered with the Board of Inland Revenue. It can be used to save for retirement or any other long-term savings goal.
Multiflex and Corporate Multiflex. These plans are registered retirement products created for groups of 5 or more employees. These portable plans allow employees to continue to save for retirement even if they change jobs.
Single Premium Immediate Annuity (SPIA). This type of annuity provides periodic income payments and guarantees a lifetime income after retirement, all for a single lump-sum premium investment.
These policies include:
Pension plans such as The Deposit Administration and The Managed Fund