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Retirement - the cost of delay
Many people are so busy
building a career, raising a family and getting on with their lives,
that they put retirement planning rather low on their priority list.
After all, when you're young, retirement seems so far away!
Truth is, the longer you
putt off your retirement planning, the greater your chances are of
ending up in poverty and financial misery during your retirement
years.
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Retirement Annuity -
Impact of entry age on maturity value
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Example |
| Premium: R150
Premium Escalation: 10% Term: Varied |
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| Age @
Maturity
|
Age @ Inception |
Investment
Lost
|
| 20 |
25 |
30 |
35 |
40 |
45 |
50 |
| 55 |
2,443,016 |
1,248,677 |
623.931 |
299,710 |
135,065 |
54,993 |
17,412 |
2,425,604 |
| 60 |
4,695,168 |
2,443,016 |
1,248,677 |
623,931 |
299,710 |
135,065 |
54,993 |
4,640,175 |
| 65 |
8,909,852 |
4,695,168 |
2,443,016 |
1,248,677 |
623,931 |
299,710 |
135,065 |
8,774,787 |
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Note how your investment is
practically halved with each 5-year inception delay |
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Illustrative values shown are based on a 12% p.a.
growth rate.
These values are for illustration only and are
derived using life insurance industry standard.
Actual
values will depend on actual policy performance. |
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Start planning TODAY and turn
your retirement dreams into realities!
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