08. How can I purchase a Life Annuity contract from a Life Assurance company? – PensionNigeria

08. How can I purchase a Life Annuity contract from a Life Assurance company?

The retiree can buy a Life Annuity contract by paying a portion of his/her RSA as premium to an insurance company, which in turn provides the monthly/quarterly payments (annuity), subject to the Regulations jointly issued by PenCom and the National Insurance Commission (NAICOM).

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