Can I transfer my living annuity to a fixed term annuity?

Question:

I have a compulsory living annuity. Can I transfer to a fixed term annuity?

Answer:

Jon, No, you cannot transfer your living annuity to a fixed term annuity. Our retirement law does not permit you to invest in a fixed term annuity. If you have strong medical grounds (ie suggesting reduced life expectancy), you can apply for an enhanced annuity.

The information and answers supplied in this section do not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of 2002.

Category: Living Annuity

Topic: Customer Questions

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