Ensuring that retirement is planned for is vital, especially for those who are self-employed or are working in a company that does not provide a pension. Otherwise, they will end up becoming one of the vast number of people who can not maintain a decent standard of living in retirement, thus negating a lifetime’s work.

EFU offers the Executive Pension Plan to suit your circumstances to help you achieve financial independence in retirement.
 
Expert Investment Management
Your contributions will buy units in the EFU Managed Growth Fund. The Fund is managed by experts who will adjust the mix of the underlying investments in the light of economic conditions and investment opportunities.

A Range of Benefit Options
You will be able to choose how to take your benefits from a whole range of options.  During the plan term, you may select to withdraw your full or partial fund value. At maturity you have the option to withdraw the fund value as a lump sum amount, or you may select an income to be paid for your lifetime with payments guaranteed for 10 years as shown in the illustration above.  Alternatively you can select an income which will continue to be paid to your spouse for the rest of his/ her life in you die first.

Access to savings
Nobody can predict the future. If your circumstances change and you have a need for cash before the end of the savings period you can encash the policy for the full bid value of units without any early surrender penalties after the second annual premium has been paid.

Early/Late Retirement
The Executive Pension Plan is designed to mature between your ages of 60 to 70 years.

Portability
We live in times where change is the norm and it is likely that you will want to change your job in the future. It is therefore important that your retirement planning is flexible and can accommodate your changed circumstances. EFU Executive Pension Plan is fully portable and stays with you wherever you go. Thus you can continue paying contributions under one Plan up to your retirement.

Additional Benefits
The basic purpose of the Plan is to build up substantial capital to provide a pension. However, the Executive Pension Plan offers a range of additional benefits to help you tailor the plan to suit your particular needs.