Annuity is a contract between an annuitant (Policyholder) and the insurance company whereby the Annuitant deposits a lump sum to the insurance company which ensures a fixed sum is paid to him by the insurance company at an agreed frequency (e.g Monthly, Quarterly) typically for the rest of the annuitant’s life. However, payment ceases (except for the guaranteed annuity) upon the unfortunate death of the annuitant.
This product is available online in three variants:
Features & Benefits include:
How to Purchase
Complete basic online form and make a lump sum deposit of the Annuity Purchase Amount into our Union Bank account below:
Account Name: Cornerstone Insurance Plc - Annuity Account
Account Number: 0045243410