Increasing life expectancy rate, rising health care costs and the lack of a social security system in Lebanon are some of the key reasons that make retirement planning essential in order to secure a suitable standard of living when reaching retirement.
BANCASSURANCE gives you the perfect solution through its retirement savings plan while protecting your loved ones.
- You are eligible to this retirement savings plan if you are aged between 16 and 70 years old.
- You can start saving as of today for your retirement with a premium starting as low as $25 per month and a payment frequency of your choice, while benefiting from a guaranteed capital and an attractive annual return.
- To preserve your savings against the yearly inflation rate, you can have progressive premiums and make additional free payments throughout the whole contract period.
- You will be covered against Natural and Accidental Death, Total Permanent Disability, and Passive War Risks.
- This plan can be tailored upon your need with a possibility to withdraw partially starting the fourth year.
- You can modify any criteria in your contract whenever you deem it necessary, based on your present and financial situation.
Being an individual aged 25 years old, paying $50 per month with a 3% inflation rate; You will be paying $46,584 throughout your contract period and saving $93,572 at the age of 64 years old with a 4.5% projected rate.
Being an individual aged 35 years old, paying $150 per month with a 3% inflation rate; You will be paying $85,968 throughout your contract period and saving $144,591 at the age of 64 years old with a 4.5% projected rate.