What is an Annuity? Annuity is a contract between an individual called an annuitant (policyholder) and an insurance company. The annuitant deposits a sum of money either by lump sum or in payments over time, with a promise by the insurer to pay him at an agreed frequency (e.g. monthly, quarterly) typically for the rest […]
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It’s Father’s Day and Alex has resolved to spend the morning viewing an old family photo album. Flipping through the album, his eyes caught a picture that brought back fond memories — a photo of his late Dad seated in the living room with him and his younger sister. He was about 7 years old
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Pensions funds are good for the future, but Annuity guarantees a better future. Life after retirement can be unpleasant if necessary measures are not put in place to cushion the effect of irregular or no income. Annuity Plan should be considered when planning for a better deal in the optimization of pension funds domiciled in
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