Annuities Help Unlocking the Path of Happiness after Retirement
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Posted On :
Dec-06-2011
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Article Word Count :
436
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This article focuses on giving you description of annuities. Be reading the same, you will also get to know the different types of annuity plans available, its special features and benefits on the whole.
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ell, after working for a whole lifetime, I am sure that there will be nobody in the world who would not like to have a safe and secured retirement. Certainly, you will also agree with me that retirement is special for each and every person on the earth because this is the only time period when human beings can do something special for their own lives. Now, tell me would anybody enjoy economical crisis during retirement? Would you like to depend on others during retirement? If your answer is a “no”, then you must go for annuities. Yes, an annuity can shape up your retirement as you want financially independent, free from all dependency, and secured from all troubles.
Well, these retirement plans can be of many types, such as:
Immediate annuity: This is a kind insurance policy, which can be bought in exchange of a sum of amount. Instead, it guarantees to pay monthly installments to the buyer, which can last till the end of the life of the buyer. These payments can be either equal installments or increasing period based. It allows growing the savings of the people maximum due to its tax-deferred growth factor.
Life annuity: This type of financial plans provides the annuitants income for the lifetime. It works like loans which are issued by the annuitant to the insurance company and instead they allow the money to grow to the maximum without tax cuttings and pay it back to the annuitants in short installments.
Deferred annuity: Here, the annuitant keeps a certain amount to get back it as a lump sum or monthly installment after an interval. Till the time, the annuitant withdraw the money no tax cuttings are made. It means the money get the chance to grow to a good amount. It can be further of many types, such as: fixed deferred annuity plans, fixed indexed plans, etc.
Benefits:
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This is a systematical investment of your hard earned money, which instead bring you a happy retirement life.
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Retirement becomes full of happiness because there remain no financial problems.
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You get to grow the money to the maximum, because most of the retirement plans allow your money to grow without tax cuttings.
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Your life stays your own because you don’t have to rely upon others to bear your expenses.
So, apply to the annuities now and get the key to unlock these unconditional happiness that secure your retirement above anything else.
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Article Source :
http://www.articleseen.com/Article_Annuities Help Unlocking the Path of Happiness after Retirement_114718.aspx
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Author Resource :
Robert Cook is a business consultant who has good information on annuity.For more information on annuities he recommends you to visit www.totalreturnannuities.com/.
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Keywords :
annuities, annuity,
Category :
Finance
:
Investing
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