How to choose the right retirement plan?
Once you decide on investing in a retirement insurance policy, consider the following: • Whether the plan offers the option of long-term savings • Do you have the flexibility to select retirement /vesting age • Is there minimum guarantee on investment • Can you balance your investment between debt and equity • Does the plan allow additional life cover for your spouse • Can you increase your monthly savings with an increase in employment income • Are there annuity options to choose from • What about bonus clause • Is there cover for terminal illness • What riders are available • What is the cost of investment (charges payable) Compare premium for pension plan insurance plans.