Retirement is an event in our lives which affects us all, independently of age, sex, or social status. Those who have not yet reached the retirement age have to pay contributions on their income so that those entitled to a pension can receive their pension payments within the current pay-as-you-go system.
The question on the minds of most people – given that statistics show that we live in a society with a declining and ageing population – is how much old age pension we can expect, and, even more importantly: what expenses will it cover?
This is because we have reason to be concerned that our future pension payments will not be sufficient for us to maintain a suitable standard of living. Who would not prefer to enjoy a secure and comfortable life in their old age, spending time with their loved ones, enjoying some well-deserved rest, being free to travel or to immerse themselves in their favourite activities? Unfortunately however, considering the level of current pension entitlements, very few can afford that. The main reason can be found in the pay-as-you-go system.
The system basically works by financing pension payments to old age pensioners by the pension contributions deducted from the wages and salaries of the active working-age population. The declining and ageing population causes this system to become less and less sustainable as the years go by: as the number of those paying contributions drops, so does the total amount paid in. Funding for old age pensions is on the decline, while the number of old age pensioners is increasing.
What is the only solution for us to preserve our standard of living?
Long-term savings. People are becoming increasingly aware of the need for pension savings, but very often in theory only – actual savings are much rarer. CIG Pannónia would like to inform you about a solution that presents a real and attainable alternative to supplement your expected pension.
Pannónia Kikötő: Pension. Guaranteed Yours.
Pannónia Kikötő offers a solution which makes it possible for you to have your pension savings safely available when you really need it.
Advantages of the insurance:
- we invest the premiums paid by you into a special, euro-based, secure fund, which provides capital protection by the maturity date,
- on maturity, we convert your investments at the highest price achieved by the fund, therefore if your investment units in the fund achieve a significant price increase during the years due to economic growth, then you can have a guaranteed share of that performance, no matter how markets develop in the future,
- a premium guarantee ensures that on maturity, you will receive at least the total of the premiums you have paid in,
- a bank guarantee protects the underlying investment funds,
- the fund management fee of the special funds used for the investment of regular insurance premiums is very low, currently at 0% p.a. (which can be raised to a maximum of 1% p.a.),
- it provides opportunities for saving further, unforeseen amounts by making one-off deposit payments,
- a savings option free of inheritance levy and interest income tax,
- cost efficient and flexible opportunity for employers to contribute to their employees’ pension savings (as a payment which is free of tax and can be expensed), attractive total cost indicator value.
How to apply for a Pannónia Kikötő Retirement Life Insurance policy?
You can apply for a Pannónia Kikötő Retirement Life Insurance policy simply by filling in the form below and sending it to us. One of our staff members will contact you shortly to answer all your questions, help you select an insurance plan best suited to your needs and guide you through the entire application process.