Retirees under the Contributory Pension Scheme have been urged by the Nigerian Insurers Association to take annuities.
Speaking during the ‘Retirement readiness workshop’ organised by the association, the Director-General, NIA, Yetunde Ilori, assured that annuity would give retirees peace of mind.
The workshop, which was largely attended by retirees and contributors under the Contributory Pension Scheme, provided a platform for the intending retirees to have informed knowledge ahead on annuity.
Also commenting at the event, Niyi Onifade, the Managing Director/ Chief Executive Office, Heirs Life Assurance, urged employees of the Lagos State Government to adopt annuity plans as a pension-regulated option that pay regular income throughout one’s retirement life.
Speaking on the topic, ‘Annuities: What they are, the types, how they work’, Onifade emphasised the significance of subscribing to a holistic retirement planning that provides financial backing throughout life for peace of mind and a comfortable future.
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