07. What is the pension guarantee under Life Annuity? – PensionNigeria

07. What is the pension guarantee under Life Annuity?

Life Annuity payments are guaranteed for ten years. Thus, if the retiree dies before attaining ten years of receiving annuity payments, the monthly annuity/pension will be paid to his beneficiaries for the remaining period up to ten years. For example, if a retiree who chose annuity dies six years after retirement, his monthly pension for the next four years will be paid to his beneficiaries.

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