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Life Annuity and Fixed Annuity are Great Ways to Earn Post Retirement

Posted On : Nov-25-2011 | seen (396) times | Article Word Count : 421 |

It is very important to have an additional income along with pension after retirement and Life Annuity and Fixed Annuity are really useful to get such income.
When you are on the verge of retirement it is obvious that you will be worried about your financial condition post retirement. Therefore it is necessary to plan finances before so that there is no problem later. However, there is no need to worry even if you have not planned for your retirement beforehand. There is Life Annuity plan which can help you in such a situation. Life Annuity plan is a plan in which the annuitant has to initially make investments for a specified period o time and once it matures, he or she will receive regular monthly payments for whole lifetime or until the time as decided by the individual.


Life Annuity provides many advantages to the investors; besides securing financial lives of the individual they provide a stable source of income in addition to the pension. Actually, the pension that is received by the people after retirement is so less that it is not possible to meet all the necessary requirements. Thus, they provide financial stability to the retired people. In Life Annuity there is no fixed period for which the plan is valid and this is one of the main advantages because you can be free from all tensions for whole life after taking Life Annuity plan.


Presently, financial stability post retirement is most important because in the absence of proper financial planning it will be really difficult to lead lives in future because of the rising prices and inflation all over the world. The best way to secure your life after retirement is to invest in Fixed Annuity. In Fixed Annuity the investor provides a certain sum of money to the insurance company. The money so invested by the investor increases and finally the gains along with the initial investment are paid to the investor either in lump sum or in regular monthly payments.


People usually prefer to invest in Fixed Annuity because it provides guaranteed income to the investor and they are able to receive consistent income throughout the period of Fixed Annuity. There are other annuity plans as well which also provides several benefits. No matter in which plan you invest it is always advisable to seek advice from financial advisors so that you do not land up in any problem later.


Life Annuity or Fixed Annuity can be the best way to earn a stable income after retirement for some people but not for everyone because the needs and requirements of each individual are different.

Article Source : http://www.articleseen.com/Article_Life Annuity and Fixed Annuity are Great Ways to Earn Post Retirement_109707.aspx

Author Resource :
Robert Cook is a business consultant who has good information on Fixed Annuity .For more information on Life Annuity he recommend you to visit www.totalreturnannuities.com/ .

Keywords : Life Annuity, Fixed Annuity,

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