Question:
What is a difference between section 37 transfer and Directive 135 of the Long Term Insurance Act
Answer:
Mandla, Section 37 of the Long Term Insurance Act provides for transfers of living annuities from one insurer to another. Directive 135 provides for transfers from one living annuity either to another living annuity or to a conventional (guaranteed) type 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.
