Waiver On Retirement Annuity Benefit

Target client

This benefit is targeted at those persons who want to have waiver on disability on their retirement annuity.

Levels of Cover

The levels of cover are:

• Waiver on disability Own
• Waiver on disability Own or similar.

Premium Rates

Term

• Maximum term – 60 - ANB.

Benefits provided

• In the event that the payer becomes permanently disabled before the maturity date, the company undertakes to pay the premiums on behalf of the payer until the maturity date.

Limitations

• Max termination age = 60
• Waiver not allowed where payor is a company

Underwriting

• Complete medical underwriting including compulsory HIV test.