Insurers Association Urges Retirees To Accept Annuity Plans

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.