How to choose retirement products based on your priorities
We list four main types of annuity products and what each one offers
Scientists have successfully reversed ageing in mice and are ready to test their technique on people. Also, the first clinical trial of 3D-printed bionic hands for kids was recently launched in the UK. If we can print “superhero” hands, how long before we can print a whole new set of organs too? Patrick Sheehy, head of product management at Glacier by Sanlam, says: “Increased longevity has placed more weight on health and fitness concerns. People don’t just want to live longer – they want to live well for longer too. A 65-year-old couple in good health in South Africa today has a 50% chance of at least one partner living to age 94. People’s needs are evolving and retirement products have to change accordingly. “A lot of focus is placed on product selection during the working years. However, once you stop working, selecting the right product is just as important. This is what will pay out an income to you for the rest of your life, so you need to select one that suits your lifestyle ...
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