ANALYSIS | Living annuities versus life annuities

At retirement, you have to buy either a life annuity, a living annuity, or a blend of both. So, which one is the most suitable option to ensure a comfortable post-retirement lifestyle, asks Arisha Jivan of Global and Local Investments.

In today's uncertain financial landscape, planning for the future has become increasingly vital. Many people aim to maintain a comfortable post-retirement lifestyle in the absence of their regular income, making comprehensive retirement planning crucial.

This planning involves safeguarding one's current lifestyle, preparing for unexpected expenses, addressing the challenges of increased longevity, and saving for an extended retirement phase. A key tool in achieving these goals is life and living annuities, which not only grow savings over time but also provide a reliable income stream in retirement, offering stability amid economic uncertainties.