Monthly Archives: September 2017

Life annuity retirement income

Risk of Living too Long negated through life annuity Ensuring retirement income stream over remainder of one’s life is the key purpose of the superannuation system.  The benefits of taking out a life annuity are explained but, for the reasons … Continue reading

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How much superannuation is necessary

Superannuation is made up of: the accumulated contributions made into the fund over a person’s working life, and probably the value of life insurance in the event of premature death The question you need to ask yourself is: How can … Continue reading

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An income stream for life

An income from superannuation lump sum The following simple story aims to explain the difference between a superannuation lump sum payout  or a lump sum payout from life insurance policy and a regular income. Suppose you went to a building contractor … Continue reading

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What is a life annuity contract?

The key feature of a life annuity contract is that it is payable for a person’s lifetime.  The basic requirements of a life annuity contract are set out in the description and purpose of an annuity that is payable for the … Continue reading

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