Pension Backed Home Loans
Secure Your Dream Home with Pension Backed Loans
As a member of MOPADO, you gain access to a range of exclusive benefits designed to provide financial security, support, and peace of mind. Our comprehensive benefits package ensures that you and your family are well taken care of during your term and beyond.
1. Financial Security
- Group Life Assurance & Funeral Cover: Provides financial protection for you and your family in the event of unforeseen circumstances. Our Group Life Assurance covers members below 65 years of age at 2 times their annual salary and members above 65 years of age at 1 times their annual salary, including funeral cover.
- Pension Backed Home Loans: Enables you to secure your dream home by using your pension as collateral. This benefit ensures you can invest in property without financial strain.
2. Retirement Planning
- 1/3 Untaxed Benefit: At the end of your term, withdraw up to 33.3% of your total fund credit as a tax-free lump sum. This provides immediate financial flexibility while the remaining balance can be used to purchase a living annuity.
- In-House Living Annuity: Offers reliable options for managing your retirement funds. Choose from ESRIC Life Annuity, Liberty Living Annuity, or MOPADO Living Annuity to ensure long-term financial stability.
3. Post-Term Security
- End of Term Social Security: Ensures financial stability even after your parliamentary term ends. Receive structured payouts to help manage your finances and transition smoothly into the next phase of your life.
4. Comprehensive Support
- Dedicated Financial Advisors: Access personalized financial advice to help you make informed decisions about your benefits and financial planning.
- Flexible Benefits: Our benefits are designed to be flexible and adaptable to your unique needs, ensuring you get the most out of your membership.
How to Access Your Benefits
- Enrollment: Ensure you are an active contributing member of MOPADO.
- Consultation: Schedule a consultation with our financial advisors to discuss your benefits and financial goals.
- Application: Submit any necessary applications or documentation to access specific benefits.
- Ongoing Support: Our team is here to provide continuous support and guidance to help you maximize your membership benefits.