Life Annuity – Guaranteed Income For Lifetime

By Author: Robert Cook
Total Articles: 111
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Proper planning is required at every stage of life. It becomes all the more important for retired life. In most of the countries, retired people get some amount of pension. But with the increasing cost of commodities, healthcare facilities and other important things, it is extremely difficult to sustain in the little amount of pension that is obtained. Planned people start investing for their retired lives quite in advance so that there are no problems for them post-retirement. However, for those who could not or did not plan their retirement, investing in annuity plans and schemes are the best option. Life annuity plans or retirement annuity schemes are the best investment plans for retired people. These are particularly designed for people post retirement and are safer and more secured than other forms of investment like fixed deposits, mutual funds, term deposits and so on. With a life annuity or retirement annuity plan, one can get guaranteed income till the time one is alive.


Any kinds of investment plans have many terms and conditions attached to it. The same is applicable for life annuity and retirement ...
... annuity plans. Before investing in any of these schemes, it is very important that they should be well-understood. It might not be possible for the old people to understand each and everything that is associated with the annuity plans. In such cases, it is best to seek assistance from professionals. Most of the insurance companies and annuity providers have financial experts in their organizations, who help people in understanding the various plans and schemes that they want to adopt. Infact if old people cannot understand anything regarding life annuity or retirement annuity plans, the professionals will go to the homes of these people and answer all their queries. Great services are offered by the insurance companies for the senior citizens.


In a life annuity or retirement annuity plan, one can deposit lump sum amount in the account or also make investments over a period of time. The returns from these investments will be received post retirement. In case of immediate annuities, one will need to deposit lump sum amount at a time and the returns are paid at a very short notice say after one month of investment. However, the best part about life annuity and retirement annuity is that the retired person will get guaranteed incomes on monthly basis all throughout his life till he is alive.