Types of Cover
Tax-free cash payout of one-third at retirement
Lifetime annuity payments from two-thirds of the policy value
Premiums escalating at 5% or 10%, or level premiums
Built-in funeral benefit (P15,000 - P25,000) for the main member
Protect Your Business, Your Bottom Line
Tapologo Multi-Fund Retirement Annuity
Tapologo Multi-Fund Retirement Annuity is your pathway to financial security after retirement. Designed to help you save for the golden years, this plan allows you to build a robust retirement fund. At retirement (age 55+), one-third of the policy value is paid out tax-free, while the remaining two-thirds are converted into a lifetime annuity, ensuring regular income throughout retirement. With flexible premium options and a built-in funeral benefit, Tapologo is the comprehensive solution to your retirement savings needs.
FAQ's
What happens at retirement?
You receive one-third of the policy value tax-free, while the remaining two-thirds convert into a lifetime annuity.
What are my investment options?
You can allocate any proportion of your premium into various funds, giving you control over your investment strategy.
What is the built-in funeral benefit?
The funeral benefit provides between P15,000 and P25,000 to cover funeral expenses for the main member.
Can I switch my investment allocations?
Yes, you can switch your investments up to 3 times per year without incurring any fees.
How does the waiver of premium work?
If you become disabled, Botswana Life will take over your premium payments until retirement or age 70, whichever comes first.
Benefits of the Cover
- Flexible premium and investment options
- Switch investments up to 3 times a year with no fees
- Transparent fee structure
- Funeral benefit included for peace of mind
- Financial security with lifetime income post-retirement