Annuity

Annuities are one of the most attractive – and rather simplest – retirement options that benefit from limited exposure to the public opinion. However, this does not undermine their invaluable worth.

In essence, annuity investments pay you a specific fixed monthly sum of money for as long as you live, greatly reducing the risk of outliving your money and helping to cover basic retirement expenditure. In exchange for a lump-sum premium, we commit to paying you a lifetime income in monthly or yearly instalments for as long as the annuity contract is available. The biggest advantage of buying annuities is the security against market and interest rate risks. In special cases, you could also benefit from tax savings, too.

There are a few specific situations which govern the total fixed income you receive, such as your age, the period of time over which your rightful payments spread, and the amount of money you actually invested into the annuity.