Triple C Plan: Overview
The unique flexibility of the Triple C Plan embraces five invaluable benefit opportunities, each available in six familiar currencies:
- Pension Plan
- Savings Plan
- Accompanying Spouses Pension Plan
- Life and Disability Coverage
- One-off payment
Pension Plan
This Plan operates as a defined contribution plan with the premium based on a fixed percentage of salary. Retirement is taken at any time between the age of 50 and 67. Death and disability benefits are optional and these can be adjusted as your circumstances change. The benefit at retirement can either be a lump sum or a pension (annuity).
Savings Plan
This Plan can be used as a regular savings plan. The saving period should be at least 5 years.
Accompanying Spouses Plan
The flexibility of the Triple C Plan makes it ideal for providing a spouse with a pension plan whilst accompanying an employee abroad and not accruing pension rights. Importantly, the plan has the option of providing insurance in the event of death or incapacity.
Life and Disability Coverage
It can be difficult to secure life and disability insurance whilst working and living abroad. The Triple C Plan can be used to provide such cover.
One-off Payment
A further option is to make a one-off single premium and benefit from the capital guarantees.