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Annuity

An annuity is defined as a series of fixed payments paid at regular intervals over the specified period of the annuity.

An RSA holder may upon retirement or attaining the age of 50 years (whichever is later), purchase an annuity from a life insurance company licensed by the National Insurance Commission with monthly or quarterly payments.

Click here to learn more about the differences between programmed withdrawal and annuity.


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