Liberty Life Botswana has launched a new product for retirees, the Liberator Living Annuity, which is a living annuity that aims to provide an income to individuals during their retirement.
Managing Director of Liberty Life Botswana, Lulu Rasebotsa said unlike an ordinary life annuity, the Liberator Living Annuity allows the annuitant to decide on their level of income on an annual basis so as to be in control of their ever changing needs throughout retirement.
“Over and above that, the product allows the annuitant to invest in a range of portfolios where they can benefit from the investment returns depending on market performance,” she explained.
Her team further explained that the Liberator Living Annuity provides a flexible income that can adapt to the annuitants’ varying needs, a low cost product that is tax efficient and further provides an opportunity to leave behind a legacy to their beneficiaries as it has a death benefit in the form of any capital amount that may still remain upon death of the annuitant.
Retirees can expect to reach their goals and dreams, maintain their lifestyle, and still be able to care for their families.
Rasebotsa noted that most people look to retirement as the golden age at which they are at liberty to do the things they are passionate about and as such they require a financial tool and planning that matches; they need an investment that works equally hard during their retirement and gives them the financial flexibility and freedom, saying that the Liberator Living Annuity provides that.