When you retire, Glacier's Investment Linked Life Annuity (ILLA) enables you to transfer the benefits from your retirement fund into a flexible, personalised investment portfolio that matches your risk profile and provides you with a retirement income.
You can construct your portfolio from a wide range of funds together with other underlying investment options, such as shares and fixed interest instruments. This allows you to continue your equity exposure after you retire, whilst maintaining control over the underlying assets and your risk profile.
You determine your income level, and the growth of your capital is based on your selection of underlying investments. You can switch between these underlying funds easily and cost effectively, at any point during your investment term, as your circumstances change.
You can, at any stage convert your ILLA to a conventional annuity issued by Sanlam Life, or a living annuity or conventional annuity issued by another insurer. Through Glacier, you can convert to a Sanlam conventional annuity, as and when it suits you. You can do this in stages, as annuity rates improve, so you're not locked into a specific annuity rate when you retire.
For more information on Glacier's Investment Linked Life Annuity:
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