Annuities Will Help When You Grow Old

By Author: Robert Cook
Total Articles: 111
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Annuity is a series of payments by a person and is terminated after a fixed period of time. Retired persons take the help of this form of investment for guaranteed and safe retired life. What you need to do is invest when you are earning enough cash to sustain livelihood. At the time of maturity you get an amount which is almost tax free. Through an annuity calculator you can keep track of your payments.



There are three types of payments – fixed, variable and equity-indexed. In case of the first, the return remains fixed. The return varies in case of the second. The last one returns an assured income and reacts to the market conditions. There are two forms of income available in the market – immediate and deferred. In the former scenario, you will receive money just after initial payments whereas in the later the cash gets accumulated for a certain period.



Annuity calculator is a tool which is used for computing any form of annuity. As these are easy to use, the demand is huge. Unfortunately a few people know about this. ...
... It is not difficult in finding a good calculation tool; searching at a search engine will help. Numerous websites as well as insurance companies offer these.



There are hosts of annuity plans on offer throughout India by various financial institutions. Some of them are from ICICI Prudential, TATA AIG, Bajaj Allianz, LIC, HDFC, etc. Choose the one which offers the best return with the easiest payment scheme. Keep in mind the base annuity rate which is the minimum rate specified in the contract. This rate is based on the performance and lets you know the value of the company. Check for period bonus values on offer.



The annuity calculator takes into account a number of factors. The fund size, age, gender, medical status and health status are some of the issues which are required while making the final decision. The other reasons for choosing are - the goodwill of the company, the ability of the company to withstand any kind of negative financial impact, etc. Health is very important as people with health problems get different benefits. These have better rates and options for switchover.



Countless people have found themselves financially insecure in their old age. By choosing an annuity calculator, it becomes relatively easy to opt for an annuity plan which helps to secure the future.