Single life
Ask usincome shown above is an example
- Highest monthly income
- Paid for your lifetime
- Ten year guarantee option
Age 60
Chapter: Retirement, from age 60
Retirement income
Turn your retirement savings into a monthly income that is paid for as long as you live, with an optional amount for your spouse after you. Example rates only, explained in person.
From Income for lifeexample
Why it matters here
Retirement cover for how life really works in the South West
Retirement can last twenty years or more. A life annuity turns a lump sum into a salary that does not run out, so you can enjoy the grandchildren and the garden instead of watching a balance fall.
- 01
Income for life
A fixed monthly amount paid on the 25th of every month, for life.
- 02
Spouse income
Continue 50 or 100 percent of the income to your spouse after you.
- 03
Ten year guarantee
If you die in the first ten years, the rest of the ten years is paid to your family.
- 04
Yearly increase option
Start a little lower and rise by an example 5 percent a year.
- 05
Health top up
Add Silver health cover for both of you, paid from the income.
- 06
A person to call
A retirement adviser at your nearest branch, not a call centre.
See an example income
Example rates for this demo, not an offer. A person on the team checks every quote before cover starts.
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Three ways to be covered
Prices are example monthly amounts from our rate card. Pay monthly, quarterly or yearly by card, transfer, direct debit or POS at any branch.
Most chosen
Joint life
Ask usincome shown above is an example
- Income continues to your spouse
- 50 or 100 percent options
- Peace of mind for both
Rising income
Ask usincome shown above is an example
- Starts lower, rises yearly
- Keeps pace with prices
- Good for younger retirees
Claims
How a retirement claim moves
Every step shows in your account, with the name of the person handling it.
- Visit 1
Meet an adviser
Bring your statement. We explain options in English, Yorùbá or Pidgin.
- Week 2
Choose and sign
Pick single, joint or rising income and the guarantee you want.
- Month 1
First payment
Your first income arrives on the 25th after the transfer is complete.
- Every year
Proof of life
A short video call or branch visit once a year keeps payments going.
Our income arrives on the 25th like my old salary. My husband says it is the only thing in Nigeria that is always on time.
Honest limits
What this cover does not do
Read these before you buy. The full policy wording is in your account and at every branch.
- Income cannot be cashed in once started
- Rates depend on age and the day you buy and are examples on this page
Questions
Retirement cover, answered
Is my income guaranteed?
Once your annuity starts, the agreed amount is paid for life by Crescent. The rates on this page are examples, not offers.
Can I take part as a lump sum?
Many people take part of their savings as cash and use the rest for income. An adviser will show you the options.
What if I move abroad to live with my children?
Payments can continue into a Nigerian bank account wherever you live.
Can my children help me decide?
Yes. Bring them to the meeting or join by video call.
Next on the timeline
People with this cover often add
Ready to cover your retirement?
A quote takes two minutes, and a person on the team checks it before your cover starts.