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Life after Retirement Secured with Annuities


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Most of us consider that life is most troublesome when you don’t have a job. However, it is not completely true, as at the time of retiring from a stable job, the life becomes much tougher. A stable income of money has been stopped, but the liabilities are the same still. This may drive people mad, but with annuities, one can still get money after retirement and can breathe a bit easy. Annuity is the process of distribution of earned money on the invested funds in monthly, bi-monthly, quarterly, bi-annually, annually and so on. This will let the annuitant to get a stable amount of money even after his or, her retirement. The most common annuity is the pension payment.

Now, there are some other forms of annuities also present. Equity annuities are one of them which are based on contract style of agreement between the payee and the insurance company. This kind of annuity is subject to small amount of payments or, a lump sum payment at a time by the payee to the insurance company to get the fixed return for years after retirement. The best thing about this kind of annuity is that you will receive a define amount of money in return from the insurance company. This is considered to be one of the most helpful annuity options till date as there are some other options which may or, may not help you as much as it could. Deferred annuity is such a kind which is not considered to be the most beneficial annuity option, as you can withdraw your money for a long time until a time period is over or, a particular event has been occurred. However, investments in such annuity plans are beneficial because of a lump sum of tax benefits as these investments are not subjected to tax returns.

Another kind of annuity, the indexed annuity is the kind of annuity in which a contract has been made by the payee and the insurance company and the payee will be paid for his or, her life period. In this type of annuity, it is not necessary to start the income right after purchasing the investment, and that means one can grow the investment bigger and guarantee a fixed amount of return every month after retirement till death and even after that too.

This is a kind of deferred annuity, but a bit different in its basic nature. Basically, it has some features of equity annuities also, like – the payee will get some fixed return for sure. Basically, when you are thinking of insuring your life after retirement and making your presence felt even after your death, then such kind of annuities are really helpful. Equity annuities and most other annuities too use to cover for two persons. So, this is really can be considered as a useful retirement plan. Most of all, annuities don’t need physical tests like life insurances to provide you the money. So, it is completely hassle free as well, and it provides various kinds of death benefits to one too. To get such annuities plans for you, you can easily visit the interne t for detailed descriptions and you can have all these done beneath one umbrella as well, in attractive rates and offers.

 

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santibanez159 Article's Source: http://articles.org/life-after-retirement-secured-with-annuities-2/
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  • Posted On June 26, 2012
  • Published articles 10

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