Question:
Good day Sir / Madam I suffer from diabetes, I struggle to work. I have a retirement annuity with Momentum, that has a ill health benefit. I need to support my family financially. Is it possible to claim against that policy in any way. Thanking you kindly
Answer:
Randall,
Retirement annuities do not come with ill-health benefits; however you can retire early from your retirement annuity if you have to take early retirement due to ill-health. However, to do so you must provide medical evidence, and you may be asked to get a second opinion (at your expense). It seems unlikely however that a doctor would see your diabetes as preventing you from working, so it would really have to be quite debilitating.
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.
