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Nov 12, 2024
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Why Family Financial Security Matters

Financial stability forms the foundation of a secure and thriving family life. Families depend on structured income streams to meet their daily needs and prepare for the future. Pension plans play a critical role in achieving this stability by providing long-term financial support and peace of mind. With products like the Motswako Hybrid Pension, Bona Life offers tailored solutions to help families safeguard their future. These pension products ensure stability today while addressing life’s uncertainties tomorrow.

How Pension Plans Contribute to Family Stability

Reliable Monthly Income: Pension plans offer steady income streams to cover essential family expenses such as housing, healthcare, and groceries, ensuring financial security.

  1. Long-Term Planning: With a predictable income, families can prepare for future milestones, like saving for children’s education or home improvements.
  2. Legacy Protection: Pension plans often include beneficiary options, providing financial support to loved ones even if the policyholder passes away. This ensures the family maintains its financial footing.
  3. Financial Cushion: By serving as a buffer against unforeseen expenses, pensions reduce the need for loans or debt, helping families manage emergencies without financial stress.

How Pension Plans Empower Families to Achieve Their Goals 

  1. Planning for Children’s Education: Pension payments can help families save for school fees or university education, lowering reliance on loans.
  2. Supporting Milestones: Retirees with pension income can still participate in family celebrations—like weddings or anniversaries—without financial strain.
  3. Caregiving Support: Pension plans offer the flexibility to support aging parents or dependents, creating financial security across generations.
  4. Confidence for Dependents: Knowing that pensions provide for spouses and children builds peace of mind and encourages forward financial planning, empowering family members to focus on growth and well-being.

Conclusion: Secure Your Family’s Future with Bona Life Pension Plans 

Pension plans play a pivotal role in securing your family’s financial future by offering both stability and flexibility. With products like the Motswako Hybrid Pension, Bona Life empowers families to thrive, regardless of life’s uncertainties. Whether for daily expenses, family milestones, or legacy planning, our pension solutions ensure lasting peace of mind.

Start planning for your future today with Bona Life’s pension plans—because your family’s security is worth it.

 

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How do I make amendments to my policy?

Fill out an amendment form supplied by Bona Life, and attach relevant supporting documents based on the nature of the amendment. For example:

  • Addition of a child to policy – birth certificate
  • Change of name- marriage, divorce decree or affidavit
  • Change of bank- new banking details 
How do I get my statement for my investment or savings policy?

Send a request to client service team via the various touchpoints (walk-ins, email, Whatsapp, Facebook, telephone) to prepare a policy valuation. Policy valuation will be shared via your preferred medium.

How do I cede my policy for a loan?

Send a request to cede policy to Bona Life and on confirmation of policy status, you will complete a cession form. Attach the KYC forms and policy documents will be prepared showing the cession. This is what you will take to the bank to complete the cession.

How do I surrender my investment or savings policy?

Submit KYC documents, Complete surrender form, write surrender letter & attach bank statement for account that the money will be deposited to.