• A series of periodic payments, usually for life, payable monthly or at other specific intervals

• A periodic payment made by the life office to the annuitant in exchange for purchase money, for the remainder of the life time of a named life or for a specific period irrespective of the duration of human life.
  2.) Annuitant .
  This is the main policy holder who receives periodic payments from Goldlink Life Assurance Ltd.
  3.) First Annuity Benefit Payment Date.
  This is the date on which the first annuity would be paid to the annuitan
  t.4.) Contract Date.
  The date on which Goldlink receives payment of the full single premium.

VARIOUS TYPES OF ANNUITY CONTRACTS

• Single Life - Immediate
  Single Life - Deferred

• Date of birth of the proposer.
• Gender, (Sex of the proposer).
• The frequency of the annuity required, e. g Monthly, Quarterly, Half-yearly or Annually. 
• The period for which the annuity is to be guaranteed.
• The percentage by which the annuity is to be increased annually.
• The age at which annuity payment starts, in the case of deferred annuity.
  TARGET MARKET
  
• Individuals close to retirement that may need a regular income in a few years time.
• Regular income earners to purchase term certain annuities as an investment
• Individuals with dependants who want to guarantee an income for them on their death.