The annual bonus feature of the Minor Lifetime Income product acts as a guaranteed, increasing income stream for clients, effectively functioning as a "life insurance in reverse" where the benefit accrues over the client's lifetime rather than being paid out upon death.
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the annual bonus is our little hidden
secret and basically means an income for
life every minor lifetime income client
will receive an annual bonus guaranteed
by tal one of Australia's largest life
insurers that is paid every year into
their working cash account one way to
think about the annual bonus is a kind
of life insurance in Reverse instead of
paying annual premiums that increase
each year in exchange for a lump suum
paid to the estate after death we pay
clients an annual bonus that increases
the longer they live in return the
premium is paid from the client's estate
when they die or leave the
platform the rate is set in the minor
super and pension PDS and as you'd
expect increases with age to support an
income for
life in fact by the time they reach 90
the annual bonus could represent over a
third of their income to find out how
this solution can benefit your clients
and your practice reach out to your
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