Single Life Annuity

An annuity that pays regular income to an individual after retirement is known as single life annuity and the insured individual is known as the annuitant. There are certain times when single life annuity type can really make great sense, particularly when the individual who is buying the annuity plan is ‘single’ or does not […]

|

Life Annuity – A Lifetime Opportunity

A life annuity is a contract with the insurance company, where a seller or the issuer i.e. the life insurance company makes a series of payments to the buyer in the future, in exchange of an immediate lump sum payment or a series of regular payments. The flow of the payment is an unknown duration […]

|

What Are the Requirements For Purchasing an Impaired Life Annuity

Usually, the people who opt for impaired life annuity are those who are suffering from some kind of a medical ailment and there is a chance that it might affect their life expectancy in the coming future. Most regular annuity incomes usually are stopped or closed once a person passes away. Also those who are […]

|

Joint Life Annuities: Protecting Your Loved One’s Future

As you grow old with your partner, you tend to share more and more. In addition to possibly sharing a home, you might share a car and a number of financial products. Joint bank accounts and joint mortgages are a prominent notion amongst with many couples. However the financial offerings for loved ones do not […]

|

A General Look At Purchased Life Annuity

A purchased life annuity deal refers to an annuity plan that is purchased with funds other than the pension funds of an individual. The money used for this purchase can be funds saved in other investment vehicles like an ISA. It could equally be funds from the savings account of an individual and it can […]

|