Future Pension Advantage Plan: Investing your hard earned money in a good pension plan is one of the best ways of planning for your future and the best routes for a comfortable lifestyle after your retirement.
Future General Life Insurance’s Future Pension Advantage Plan is one of the best retirement plans since it offers you an excellent way by which you can get a regular stream of income after your retirement.
Future Pension Advantage Plan definitely features a bright future This policy has four investment funds. You can choose which investment fund you want your contribution to go into. By investing your money in these investment funds you will be able to build a big size corpus by the time you retire. Another feature of this plan is that the maximum allocation of your contribution goes into the Personal Pension Fund account.
The benefits and objectives favor the investor accurately The four investment funds are the Future Pension Secure, Future Pension Balance, Future Pension Growth, and Future Pension Active. The objective of the Future Pension Secure investment fund is to preserve the nominal value of contributions along with stable returns and to see that there are no negative returns.
The objective of the Future Pension Balance investment fund is to preserve the nominal value of contributions, to provide a low exposure to high expected returns and for there to be a low negative return.
Likewise, the objective of Future Pension Growth investment fund is to provide high expected returns with moderate probability of negative returns.
Subsequently, the objective of Future Pension Active investment fund is to provide high expected returns with moderate probability of negative returns.
In case of your unfortunate death during the accumulation phase, the fund value is paid to your beneficiary. In case the term rider has been opted for by you, the sum assured along with the fund value will be paid to your beneficiary.
According to the retirement benefit at vesting age, you have a choice of withdrawing one third of the fund value in a tax-free lump sum as per the tax laws. You have to use the remaining amount to buy an annuity either from Future General or any other annuity provider.
Future General Life Insurance’s Future Pension Advantage Plan also offers the tax benefits as per prevailing Income Tax laws.
The Future General Life Insurance’s Future Pension Advantage Plan offers complete financial security to you and your family even after retirement.
|