Retirement Saving Plan
Plan today for a secure futureAlthough most of people would consider a financially stable future at retirement as a priority, many don’t realize the cost of this stability, nor prepare for it seriously.
This is why Lebanese Swiss Bank & Allianz SNA s.a.l combined their expertise to present the Retirement Plan: The adequate solution that provides you saving for your retirement and protection for your family.
- The possibility to save the required retirement amount through monthly contributions automatically debited from the insured person’s bank account with no additional charges.
- The option to protect the insured amount and the investment amounts from inflation through an increasing annual variation rate of 1% to 10%.
- A minimum rate of return on investment at the date of issue, for the accumulated amount, of 3.5%* annually guaranteed by Allianz SNA and net of the taxes due by the company.
- The possibility to profit from additional return on investment according to the dividends rate declared yearly by Allianz SNA.
- The sum insured is paid in case of natural or accidental death.
- The sum insured is paid in case of natural or accidental total permanent disability (optional).
- The insured person should be an account holder at Lebanese Swiss Bank s.a.l.
- Age bracket: 18 - 55 years.
- Minimum monthly premium: 25 USD.
- The plan is subject to the deduction of a referral fee in favor of Lebanese Swiss Bank
Illustrative table
Figures are based on a monthly premium of 50 USD with an annual variation rate of 3%.
(The table of projections is for illustration purposes only and actual results could differ materially from the content of the table)
|
Age of Insured |
Total paid Premiums (USD) |
Sum Insured (USD) |
Retirement Amount at age 65**(USD) |
|
|
3.5%minimum guaranteed annual return on investment* |
7%annual return on investment |
|||
|
25 |
45,432 |
30,000 |
75,864 |
160,726 |
|
30 |
36,444 |
25,000 |
56,341 |
107,837 |
|
35 |
28,692 |
20,000 |
40,894 |
70,780 |
|
40 |
22,008 |
15,000 |
28,814 |
45,164 |
|
45 |
16,236 |
10,000 |
19,593 |
27,844 |
|
50 |
11,244 |
5,000 |
12,618 |
16,323 |
* The company reserves the right to increase/decrease this rate once per year at the end of the fiscal year, as many times as it deems necessary during the lifetime of the policy, by written notice and/or through a public announcement. In case of any increase or decrease of the minimum guaranteed rate at the date of issue, it shall only affect allocations generated from future premiums paid after the date of such change. Therefore the above investment amounts might change accordingly.
** The Retirement Amount can be either paid as a lump sum or spread over 10 annuities according to the customer’s preference, starting from the age of 65 which increases its total value.
For more information or to ask for a personalized offer, please visit any of our branches and we will be glad to provide you with the necessary information.
