Fixed Interest Annuity Accounts
You can choose between terms of 5 – 30 years with fixed monthly or quarterly payment (includes capital repayment and accrued interest, capital is reduced to zero by the maturity).
The interest payable is the higher the longer term you have. The annuity payments can be paid either to the Life Assured’s bank account or withdrawn conveniently by an international payment card. In case of Policyholder dying the remaining capital can be redeemed from the underlying Financial Institution with 3-month notice without penalties.
Annuity Accounts are suitable for Pension purposes or when you need a regular higher monthly or quarterly amount of funds for your living.