Guardian Group announced the launch of its newest product the Individual Personal Investor (IPI) at a press conference at its offices in Collymore Rock on Thursday morning.

The product is set against the background knowledge of an increasing life expectancy at birth for the Barbadian populous. At present, the total life expectancy for Barbados according to the World Health Organization data stands at 78 years. In essence, Barbadians are living longer and because of an aging population, some challenges will arise. One such challenge relates to the financial well-being of persons during their post retirement years to ensure that they do not outlive their retirement savings.

In addition, within the current economic climate where your disposable income is shrinking, persons still need to evaluate how much of that income they need to save to ensure a brighter future for themselves and their families to make life a little easier. In essence, the first and most important thing you can do is to save and invest as though your retirement date will come well before the designated date.

The Individual Personal Investor (IPI) by Guardian Life of the Caribbean is the solution to the various retirement challenges of longevity, lifestyle and inflation. This new product is set to provide solutions for generating funds for retirement or any other long-term goal. It serves as a medium to long-term savings instrument specifically targeted to the 30 to 55year old age group.

While there are many savings products on the market for your retirement, the IPI, is different and provides the flexibility needed for varying ages and needs. Here are some of the key product features:

• The policy can be started from as early as birth, to age 95
• It has an optional waiver premium benefit
• The policy allows for unscheduled deposits in addition to regular or single premium payments
• It features an “Inflation Protector” – which allows you to keep pace with inflation

The Individual Personal Investor is not just an investment, but a vehicle to help you save for a brighter more fulfilling future thus ensuring your right to enjoy living longer.