Tuesday 9 March 2021

ANNUITY: SALARY FOR LIFE

Annuity options guarantee a salary for life to pensioners, meaning: that monthly anticipated credit alert aka. Iya Lati  among Civil servant will never stop coming even after retirement.

 When the month is coming to an end, around 20th of every month, you begin to hear Civil servant discussing about "Iya Lati". You now begin to wonder who/what "Iya Lati" is. 

  • Is "Iya Lati"  a human? 
  • Did something bad happen to her?
  • Is she an August visitor?

Let's cut the suspense, "Iya Lati" is no person, not mother to any Lati anywhere, so "Iya Lati" simply is the monthly take home pay of workers (Salary). The popular name was culled from the happiness fountain of sound from credit notification Alert (iyALATi).

This monthly alert is always looked up to every month. The cause for alarm is that, the civil servants get to receive this credit alert for 35years of active service or stops on clocking 60years of age (retirement age).

The big question is What happens after this monthly credit alert stops?

The good news is, they will get a lump sum called pension/gratuity etc. how this lump sum is handled will determine if it will still remain a good news or the opposite; but then the opposite will and must not happen, not even after reading this article.

This how you can avoid the opposite from happening:

When retirement is approaching, you will be faced with two options to choose from namely Annuity and Programmed withdrawal. Please choose Annuity, because it ensures and guarantees you iyALATi (credit Alert) till death i.e. Salary for life. Programmed withdrawal will pay out for a specified period and payment will cease, so I advise again choose annuity.

You can enjoy free consultation on how to go about it by contacting- 08027581478 || Segun Adeboye ||Cornerstone Insurance PLC.

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