Retirement Annuity @ Anuiti Persaraan

Retirement Annuity

What is retirement annuity?

A retirement annuity is a contract by which an insurance company agrees to provide you with a stream of income during your retirement years. Generally, a retiree may need about 60% of his/her last drawn salary to maintain his/her existing standard of living during retirement.

The Employees Providence Fund (EPF) contribution can be an important source of retirement income, but a study by EPF also showed that majority of contributors spent all their savings within three years of withdrawal upon retirement. Retirement annuities ensure that you are taken care of for the rest of your life

saving for an annuity

It is advisable to start saving as early as possible during your working years to build enough funds to provide you with a worthwhile income when you retire. However, should you have a savings arrangement that enables you to do so, it is still possible to purchase an immediate annuity upon your retirement.

Alternatively, you may want to consider purchasing a deferred annuity if you wish to pay a smaller premium,where the premiums paid earlier in life will be invested by the insurance company to provide for your retirement income

why should I buy retirement annuity?

• To ensure lifetime income, removing uncertainty and problems should you outlive your financial resources.
• To guarantee income payment for your loved ones after your demise choosing an annuity

how to choose annuity?

When it comes to choosing the right annuity:

• Check all the options offered by various insurance companies
• To ensure lifetime income, removing uncertainty and problems should you outlive your financial resources
• Buy the annuity plan that best suits your needs
• Be aware that income payments you receive will depend on the amount you pay to purchase the annuity, your age when you purchase the annuity and your gender
• Know that the type of annuity and its benefits determines the amount received during retirement

 common types of annuity and benefits

Immediate annuity

The income payments begin within 12 months after you buy the annuity. This is suitable for those who are about to retire or have already retired. The premium is paid as a lump sum at the time of purchase

Deferred annuity

The income payments begin more than 12 months after you buy the annuity. You may buy this type of annuity plans at any time during your working years. The premium can be paid as a lump sum, which will be left to accumulate with the insurance company, or you may make a series of periodic payments up till your retirement

common types of benefits  option

1)Level annuity without guaranteed period

Pays a fixed regular income as long as you live.

2)Level annuity with a guaranteed period

Pays a fixed regular income for the rest of your life, or at least for a guaranteed period. Example: A person purchases annuity with a guarantee period of 10 years, but dies after 6 years. The annuity payments continue to be paid to his beneficiary for the remaining 4 years. If the person outlives the guarantee period of 10 years, he will continue to receive the income payment for as long as he lives

3)Joint-life annuity

Pays an income for the rest of your life, and then continues to pay the income to your partner for the rest of his/her life, after your demise. However, income to your partner may be for a reduced amount  

     

4)Increasing annuity

Pays an income which increases each year at a specified rate to partially protect your income from inflation. With increasing annuity, the starting income is normally lower than you would get from a level annuity, but it will provide you with better income some years later in your retirement period

Anuiti Persaraan

apakah anuiti persaraan?

Anuiti adalah suatu kontrak di mana syarikat insurans bersetuju untuk menyediakan anda dengan pendapatan yang berterusan untuk sepanjang hayat, sebagai balasan kepada caruman premium yang dibayar sekali gus.

Lazimnya seorang pesara memerlukan lebih kurang 60% daripada gaji terakhir beliau untuk mengekalkan taraf hidupnya pada masa persaraannya. Caruman dalam Kumpulan Wang Simpanan Pekerja (KWSP) boleh menjadi sumber pendapatan persaraan yang penting tetapi satu kajian berkenaan KWSP menunjukkan bahawa kebanyakan pencarum menghabiskan simpanan mereka dalam masa tiga tahun dari tarikh pengeluaran selepas bersara. Anuiti persaraan memastikan masa depan anda terjamin.

Menyimpan untuk anuiti

Anda dinasihatkan untuk mula menyimpan seawal mungkin sepanjang tempoh anda berkerja supaya dana yang cukup dapat dikumpul bagi membolehkan penyediaan pendapatan yang setimpal apabila anda bersara. Walau bagaimanapun, anda juga boleh mendapatkan anuiti ini setelah anda bersara.

Sebaliknya, jika anda hanya mahu membayar jumlah premium yang lebih kecil, anda boleh mendapatkan anuit

Mengapa saya perlu membeli anuiti persaraan?

• Memastikan pendapatan untuk seumur hidup, meringankan ketidaktentuan dan masalah yang mungkin anda hadapi sekiranya anda kehabisan sumber kewangan semasa hayat bersara.
• Memastikan pembayaran pendapatan kepada orang yang anda sayangi selepas anda meninggal dunia

Tips memilih anuiti yang sesuai

• Meneliti kesemua opsyen yang ditawarkan berbagai syarikat insurans
• Tahu bahawa bayaran pendapatan yang anda terima bergantung kepada jumlah yang dibayar untuk membeli anuiti tersebut, umur anda ketika membeli anuiti tersebut dan jantina anda
• Membeli pelan anuiti yang benar-benar sesuai dengan keperluan anda
• Tahu bahawa jenis anuiti dan manfaatnya menentukan jumlah yang akan anda terima setelah bersara

Jenis-jenis anuiti yang asas

Anuiti serta-merta

Pembayaran pendapatan bermula dalam tempoh 12 bulan selepas anda membeli anuiti. Ia sesuai untuk mereka yang hampir bersara atau telah bersara. Premiumnya dibayar sekali gus ketika membeli anuiti

Anuiti tertunda

Pembayaran pendapatan bermula lebih dari 12 bulan selepas anda membeli anuiti. Anda boleh membeli anuiti jenis ini pada bila-bila masa sepanjang tempoh anda bekerja. Premiumnya yang boleh dibayar sekali gus akan terkumpul dengan syarikat insurans, atau anda boleh membuat siri bayaran berkala sehinggalah persaraan anda

Jenis-jenis opsyen anuiti manfaat biasa

Anuiti tetap tanpa tempoh terjamin

Membayar pendapatan pada kadar tetap secara teratur sepanjang hayat anda.

Anuiti tetap dengan tempoh terjamin

Membayar pendapatan pada kadar tetap sepanjang hayat anda, atau sekurang-kurangnya untuk suatu tempoh terjamin.Contoh: Seseorang membeli anuiti dengan tempoh terjamin 10 tahun. Sekiranya ia meninggal dunia selepas 6 tahun, bayaran anuiti akan diteruskan kepada benefisiarinya untuk tempoh 4 tahun selebihnya. Sekiranya pembeli anuiti masih hidup melepasi tempoh terjamin 10 tahun, ia akan terus menerima bayaran pendapatan sepanjang hayatnya.

Anuiti meningkat

Membayar pendapatan yang meningkat setiap tahun pada kadar yang tetap untuk sedikit sebanyak melindungi pendapatan anda daripada inflasi, di sepanjang hayat anda. Pendapatan permulaan bagi anuiti meningkat pada kebiasaannya lebih rendah daripada yang anda terima di bawah anuiti tetap, tetapi anuiti meningkat akan memberikan pendapatan yang lebih baik pada tahun- tahun kemudian dalam tempoh persaraan anda

Anuiti hayat bersama

Membayar pendapatan untuk sepanjang hayat anda dan seterusnya kepada pasangan anda sepanjang hayatnya selepas anda meninggal dunia. Walau bagaimanapun, pendapatan yang dibayar kepada pasangan anda itu mungkin pada amaun yang dikurangkan

source: insurance info