Pension

What should I take into consideration when signing a Lifetime Pension agreement?

After the SSIA has reviewed the capital accumulated in your level 2 pension, and after you have signed your Lifetime Pension agreement, you will no longer be able to withdraw from the contract, change your insurance company or add accumulated capital to your level 1 pension. However, you will still be able to freely change the beneficiary during the guaranteed disbursement period specified in your Lifetime Pension agreement.

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