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- Trinidad & Tobago
- Alico Global
Flexible Premium Annuity
During your working years, you can use a deferred annuity to accumulate assets.
The plan allows you to accumulate substantial funds that would provide a guaranteed pension at your retirement and substantial tax savings.
The money inside the annuity grows tax deferred.That means as long as money is inside the annuity; you don’t pay any federal income taxes on the growth.
Contributions can be flexible, either monthly, annually or as lump-sum deposits.
This allows your money to grow at a faster pace than it would outside of a tax-deferred instrument.
With the Flexible Premium Annuity your:
- Policy can be a valuable part of your financial plan
- Policy is also a way to guarantee that you don’t live longer than your money lasts
- Policy can either be Registered or Unregistered - this means that you have the option of receiving dividends
Who is Eligible?
Persons from age 0 to 60 years
Tell me about my Premiums
The monthly minimum premium is $200 per month for the first two years and $300 per year is required to keep the contract in-force. Payments can also be made quarterly, semi-annually or annually
What are my Payment Methods?
Premiums can be paid directly to our Cashiers or via, Salary Savings, Bankers Order Deductions or Post Dated cheques
Can I increase my cash accumulation?
Cash Accumulations are increased when you are credited interest above the guaranteed rate
What will happen if I cannot pay my premiums?
The policy does not lapse, it remains in force and the fund continues to earn interest
How would my loved ones benefit?
In the event that death occurs, your beneficiary will receive the value of the fund accumulation at the time of death.
Subject to policy terms and conditions
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