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Convenience during Retirement Guaranteed With Immediate Annuity
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Posted On :
Dec-27-2011
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Article Word Count :
403
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After retirement, many individuals have to face the problems of dependencies. Immediate annuities are the schemes that have been introduced for the retirees in order to ensure the best life after getting released from work. With immediate annuity, the retirees can be benefitted extremely in monetary terms.
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Whenever you think of your retirement, your mind sticks to several thoughts, which are mostly negative. Immediate annuities are the schemes that provide the best ways of treating these thoughts. Thus, if you are about to retire in recent times, you can avail these facilities conveniently. Planning your retirement is quite significant and a very serious matter. The immediateannuity is something that sees to it that the retirees are out of the reach of the difficulties faced when they are released from their job responsibilities. Immediate annuity is what every retiree can opt forin order to ensure a healthy and wealthy lifestyle to them.
Annuity is a contract that is signed by the individuals and insurance companies. With the help of these schemes, the retirees get a chance to receive a regular incomefrom their savings. The annuity schemes are classified into two types – immediate and deferred annuity. The immediate annuities are the plans with the help of which the retirees can easily receive the income immediately as soon as they pay their first premium.While, in case of the deferred annuity, the case is opposite to the immediate annuity. The deferred annuity offers postponed income, which the retirees receive as and when they require.
Immediate annuity is further sub-dividedinto fixed and variable annuities. The fixed annuity is the plan that ensures a reliable and fixed income to the retirees. The principal amount always remains fixed in case of this scheme. As a result, the individuals are assured of receiving a significant earning from time to time without any fluctuation. For the retirees who have no other means of income, fixed immediate annuityincome is the best source of income.
The variable annuity is a program where the sum of money keeps on changing from time to time. It is the rate in the market that influences thesum to the utmost extent. As a result, the income in this caseis subject to fluctuations. These immediate annuityschemes are fit for those retirees who are involved in the stock market business or other side businesses.
Based on your requirements, however, you can make you selection for immediate annuities suitable for you.This will make sure that the retirement years are made convenient and easier after you arereleased from your job responsibilities.If necessary, take the assistancefrom the expertsand make your choice based on your needs and requirements.
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Article Source :
http://www.articleseen.com/Article_Convenience during Retirement Guaranteed With Immediate Annuity_125135.aspx
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Author Resource :
Robert Cook is a business consultant who has good information on Immediate annuity . For more information on immediate annuities he recommends you to visit www.totalreturnannuities.com/.
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Keywords :
immediate annuities, immediate annuity,
Category :
Finance
:
Investing
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