FOR CLAIMS, PLEASE CONTACT YOUR HR
FOR GENERAL ENQUIRIES, CONTACT US ON:
- +27 (0)10 100 3000
- clientservices@mineworkers.co.za
- TO CHECK YOUR CLAIM STATUS OR BENEFIT STATEMENT
Income for life
How income for life works
How it works
You can use all your fund credit to buy our income for life.
- You "buy" the product with your fund credit and, in return, receive a guaranteed monthly rand amount for the rest of your life
- A large portion of the money is invested which provide the steady guaranteed part of your income for life
- Your guaranteed income for life will rise in line with bonuses declared (usually annually); these are based on the investment returns
Example
If you pass away 10 years after you retire, your nominated beneficiaries will receive a lump sum of total income left.