Capital Preservation Income Options - Retirement Income Plan

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Get a guaranteed income for life and preserve your capital

The Metropolitan Capital Preservation Income Options – Retirement Income Plan gives you an income for life while preserving all or a part of your initial investment. The portion of your money that you choose to preserve will be paid to your loved ones when you pass away.

You can make one contribution into the Metropolitan Capital Preservation Income Options – Retirement Income Plan with money from a retirement annuity fund, preservation fund, pension fund or provident fund.


For more information, call the Metropolitan Call Centre on 0860 724 724.




Who can take out the plan?


You can take out the Capital Preservation Income Options - Retirement Income Plan with the money saved in a retirement annuity fund, preservation fund, pension fund or provident fund.


How much will it cost?


You can invest a minimum single contribution of R50 000 or more.


What are the benefits and features?


Income for life and capital preservation
You are paid an income for the rest of your life and when you pass away the part of your initial investment which you have chosen to be preserved will be paid to your beneficiaries.

Income Boost options
There are two options available for additional boosts to your income while the portion of your investment you would like to preserve will gradually reduce over time. These Income Boost options are ideal if you have younger dependants or outstanding debt. Speak to your Metropolitan financial adviser for guidance on choosing an Income Boost option that is best suited to your needs.

Choose between a level or increasing income
You can choose a level income if you want your income to stay the same throughout the term. The other option is to increase your income between 3% and 15% every year.


What are the rules?

Entry age
Anyone between the ages of 22 and 86 years old can apply for the Capital Preservation Income Options – Retirement Income Plan.

Term
Your will receive an income for life. When you pass away, the income payments will stop. The portion of the contribution that you chose to preserve will be paid to your beneficiaries.

Income payments
You can choose to receive your income payments from the annuity on a monthly, quarterly, half-yearly or yearly basis.

 

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