Coronation Life

Coronation Life is a company of fund managers that offers a great range of retirement packages and products. The underpinnings of these are unit trust investments, so this company is one of quite a few that blur the lines between insurance and investment in their offerings to consumers. This is in the sense that investments such as unit trust packages are offered instead of traditional straightforward retirement insurance.

Coronation Life has a few central products. These are a retirement annuity fund, an endowment plan, a living annuity and preservation pension and provident funds. Coronation works through its own fund managers, who administer the various funds on behalf of clients. Clients have the option of direct investment in the various unit trust funds, retirement packages that provide as tax-efficient returns as possible, and an endowment plan.

You get direct control over the unit trusts that you want to invest in, which is another departure from the traditional non-unit trust-linked retirement investment, where you would pay a premium and have no say over what vehicles your premium would be invested in to ensure a return on your retirement. You get even more choice with Coronation, because once you have chosen your desired unit trusts, you can then further choose directly into the unit trust, or to invest in a retirement annuity instead.

The Coronation Retirement Annuity is an excellent way of adding to an existing pension fund in a tax-efficient way, or for those who are self-employed or do not have regular patterns of income.

The Coronation Preservation Funds help you when you want to change employment and retain tax benefits on previous contributions to your previous company`s pension fund.

The Coronation Living Annuity allows you to invest pension funds to ensure regular retirement income, and the Coronation Endowment plan gives better tax rates to marginal tax payers.