Single Premium Immediate Annuity

A single premium immediate annuity is a contract with an insurance company whereby you pay them a sum of money up front and they pay you a certain amount of money periodically for the rest of your life.

What we offer

At retirement, a single premium is paid from the accumulated retirement savings to guarantee a lifetime stream of payments.

Our single premium immediate annuity can be a fixed annuity or a variable annuity.

In a fixed annuity, the payout is a fixed amount each period while with a variable annuity, the payout is linked to the performance of a mutual fund.

Benefits

Benefits at a glance

Jubilee Insurance

Financial security

Jubilee Insurance

Tax free for retirees over 65 years

Jubilee Insurance

Fully customisable

Jubilee Insurance

Guaranteed lifetime income fund

I'm retired - goodbye tension, hello pension! Our job is to help you choose the right insurance cover for you so that you may Live Free!