Benchmark Retirement Fund offers a default life annuity for persons reaching retirement age, utilising the Momentum Namibia Golden Growth With-Profit Annuity.
The default life annuity is fully underwritten by MMI Holdings Namibia Limited, a large Namibian insurance company.
The product allows for the escalation of the pension, and pension payments are guaranteed for the longer period of life or 10 years.
Where the member has a spouse at retirement, the spouse will continue receiving a reduced pension after the death of the pensioner.
Find out about more Benchmark products here...