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BAF SaveSmart
Take control of your future today with an annuity that guarantees your income later on in life so you can LIVE YOUR DREAMS!
A BAF SaveSmart Plan guarantees you 3.25% returns in the first year PLUS up to $10,000 in FREE Life Insurance coverage!
What is a BAF SaveSmart Plan?
The BAF SaveSmart Plan is an Annuity which is a Contract between you and BAF insurance company (Cayman) Limited, which states that in exchange for your payment (premium) the company agrees to pay you an income in the future.
You can choose a Single Premium or Flexible Premium Annuity. You decide.
Single Annuity: You make one lump-sum investment of $2,500. You may increase your principal amount in increments of $2,500 or more and BAF guarantees your rate of return for the first 12 months of your annnuity.
Flexible Premium Annuity: Your initial investment of $500 minimum and monthly contribution of $100 monthly (minimum) is required and BAF guarantees your rate of return for the first 12 months of your annunity.
Immediate Annuity: You can purchase an immediate annuity with one lump-sum, usually a significant amount, and begin receiving your monthly income immediately.Various payment plans are offered.
Annuities can be a valuable addition to retirement planning for people at nearly every stage of life, whether you are:
- Getting a head-start
- Close to retirement
- Already retired
- Unemployed
- Self-employed
- A Small Business Owner
HOW DOES IT WORK?
Whether you choose to make a lump-sum payment with a Single Premium Annuity or periodic payments with a Flexible Premium Annuity, your Annuity will have two phases:
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the accumulation phase, when your money grows,
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the income (payout) phase when you withdraw your money according to a choice of options including - Income for Life, Joint & Survivor or Life Income with period Certain!
