Duly-filled proposal form

Valid means of identification

Recent passport photograph

Q: How will my income be paid? 
A:Your income will be paid directly into your bank account.

Q: How frequently will my income be paid? 
A: Pension income has been rated tax free by the Federal Government. We shall therefore pay all pensions tax free so far as there is no change in policy by the federal government.

Q: When should I buy a Leadway PERSONAL ANNUITY PLAN? 
A: You normally buy an annuity when you retire to replace the income you used to receive when you worked. The balance of your RSA (Retirement Savings Account) can be used to purchase Leadway PERSONAL ANNUITY PLAN. You can also augment the purchase.

Q: Do I have to buy pension from my pension fund Administrator PFA? 
A: You have complete control over whom you choose to buy a pension from. Yes, you can purchase from your pension provider as you can also purchase from an insurance company. The amount of income you receive will vary between providers and so it’s important to shop around!

Q: Can I buy more than 1 plan?
A: Indeed, you can make as many purchases as you want. You can buy multiple Pension Plans from a single or multiple providers.

Q: What is the difference between a programmed Withdrawal (PW) issued by a PFA and an Annuity issued by an insurance Underwriter? 
A: An annuity plan purchased from an insurer is usually for life. A programmed withdrawal is typically a payment from your RSA paid to you monthly and is payable amount is determined by a formula issued by THE PENSION COMMISSION whereas the amount of an annuity is determined by the plan designed by the insurer and costed by an Actuary.

Q: What happens to my income when I die? 
A: Your annuity will end when you die unless:
Death occurs within the guarantee period. If you die within that time, the remaining payments will be made to your estate or named beneficiary.
You choose the spouse option in which case it will be paid on your death to your spouse where he or she is still alive.
If you have chosen both the spouse and guarantee period options, your spouse’s income will start when the income from the guarantee period stops (so there         is no overlap).

Q: Are there any other requirements from me? 
A: Yes, we shall from time to time require proof/evidence that you or your spouse are still alive.

Q: What proof?
A: Before we make payments to you or your spouse we may ask for proof of entitlement. This may include proof of your identity and/or evidence that you (or your spouse) are still alive.

Q: Why choose Leadway?
A: Competitive annuity pricing: We constantly monitor the market to ensure we offer the best prices on our annuities. Strength to deliver: We are one of Nigeria’s strongest financial companies. We have the strength to deliver options to suit your needs and priorities.