Liberty Life Botswana today proudly announced a first to market, one-of-a-kind insurance product in the market that is aimed at Retirees. The product called the Liberator Living Annuity is a living annuity that aims to provide an income to individuals during their retirement.
“Unlike an ordinary life annuity, the Liberator Living Annuity allows the annuitant to decide on their level of income on an annual basis so as to be in control of their ever changing needs throughout retirement. Over and above that, the product allows the annuitant to invest in a range of portfolios where they can benefit from the investment returns depending on market performance.” explained Ms. Lulu Rasebotsa , the Managing Director of Liberty Life Botswana.
Liberator Living Annuity provides a flexible income that can adapt to the annuitants’ varying needs, a low cost product that is tax efficient and further provides an opportunity to leave behind a legacy to their beneficiaries as it has a death benefit in the form of any capital amount that may still remain upon death of the annuitant. Retirees can expect to reach their goals and dreams, maintain their lifestyle, and still be able to care for their families.
Speaking at the breakfast launch event this morning, Lulu Rasebotsa, Managing Director of Liberty Life Botswana began the product exposition by mentioning that most people look to retirement as the golden age at which they are at liberty to do the things they are passionate about and as such they require a financial tool and planning that matches.
They need an investment that works equally hard during their retirement and gives them the financial flexibility and freedom, the Liberator Living Annuity provides just that.
