The etfSA Living Annuity is an
investment-linked annuity policy underwritten by Prescient Life Limited. A
living annuity pays you an income in retirement and is suitable for
retirees who do not want to purchase a guaranteed life annuity or a
with-profits annuity. The etfSA Living Annuity can be purchased with a
retirement benefit, or, with a transfer from another living annuity. With a
living annuity, you are able to choose how you would like your retirement
benefit to be invested. You are also able to choose the level of income
that you would like to draw from your living annuity.
Clients can choose to spread their investment across any number of the
five fund options:
etfSA Wealth Conservator Living
Annuity Fund – CPI+3% return target – low-medium risk
etfSA Wealth Builder Living
Annuity Fund – CPI+5% return target – medium risk
etfSA Wealth Enhancer Living
Annuity Fund – CPI+7% return target – medium-high risk
etfSA Wealth Maximiser Living
Annuity Fund – CPI+10% return target – high risk
etfSA Wealth Protector Living
Annuity Fund – return target – ultra-low
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