Bona Life unveils retirement solution

As the first of its kind in Botswana, this innovative solution blends the stability of a Conventional Annuity with the flexibility of a Living Annuity, offering retirees unparalleled security and control over their financial future. Bona Life Insurance Chief Executive Officer (CEO) Phatsimo Keakabetse explained during the launch of the product recently that the Motswako Hybrid Pension is designed to empower retirees by combining guaranteed income for life with the opportunity for investment growth.

Keakabetse also said the unique hybrid approach addresses critical retirement risks such as longevity, market volatility, inflation, and liquidity, ensuring a balanced and fulfilling retirement. With three carefully curated investment portfolios; African Alliance Botswana Liquidity Fund, Enhanced Yield Fund, and Value Fund - clients can tailor their investments to suit their risk appetite and financial goals.