Relish your Retirement: Union Assurance introduces Union Pension Advantage

Union Assurance has introduced Union Pension Advantage, a new addition to the Company’s wide reaching portfolio of products.

Union Pension Advantage provides the opportunity for individuals in all stages of life to prepare and plan for a retirement that is free from worry and anxiety. According to Union Assurance, this breakthrough product offers policyholders the peace of mind of knowing that the contributions they make to their policy over their working lives will fund their retirement, and provide reassurance and support for those left behind in the event of a death.

“This Retirement Insurance Plan provides lifetime insurance cover for the policy holder. In addition, the dependents of the policyholder will also be entitled to receive retirement benefits in the cause of the policy holder’s death. Basic Sum Assured (BSA) will be payable upon an event of death during the premium paying term. It can either be received as the lump sum at maturity or as monthly instalments for fixed period of 10, 15 or 20 years starting from the chosen retirement age,” said a media statment released by Union Assurance.