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Nairaland Forum / Nairaland / General / Investment / The Best Time To Move From Program Withdrawal To PENCOM Regulated Annuity. (195 Views)
PENCOM Regulated Annuity: What You Need To Know / Which Is The Better Pension Plan?: Annuity (ap) Vs Program Withdrawal (pw) / Program Withdrawal Vs Annuity (2) (3) (4)
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The Best Time To Move From Program Withdrawal To PENCOM Regulated Annuity. by KINGBEN1(m): 2:53am On Jun 24, 2023 |
The best time to move to Annuity after missing the opportunity in your retirement year is one year after retirement! At this time, you have fully enjoyed the LUMP SUM, which is well articulated by your PFA. The PFA at this time cannot offer you much. They can only tell you we will give you death benefit which is very small. But, on the other side you enjoy an even BIGGER MONTHLY PENSION when you move to Annuity... You have nothing to lose. You will also enjoy the longevity risk that the Life Insurer provides. The longevity risk guarantees monthly pension for life. Unlike all PFAs that will stop paying you between 15-18 years maximum, around when your balance is fully exhausted/depleted. So how will the old man or woman feed at that thick old age, when they are very weak and vulnerable. Make the right decision to move after your first year, if you are not registered in Annuity from the inception. Take this opportunity now! For more professional/expert advice, Contact me Benjamin Eyeyeh Retirement Coach Check my signature for my Number.
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