Annuity is a simple financial product that provides a steady source of income following a single lump sum investment. The investment is made to an insurance company that in turn pays a guaranteed income, that includes interest and principal, to the annuity holder.
What types of annuities are there?
| Plan | Overview |
|---|---|
| Deferred Annuity | Unlike traditional annuity, this type allows for accumulation phase to increase capital base. More about Deferred Annuity |
| Immediate Life Annuity | Start your retirement income immediately and budget for your future. More about Immediate Life Annuity |
| Variable Life Annuity | Maximize your retirement income with a host of investment plans. More about Variable Life Annuity |
| Fixed Life Annuity | Guaranteed growth ensures you can provide a sustainable future income. More about Fixed Life Annuity |
| Ordinary Life Annuity | Payments guaranteed for life alongside an affordable rate. More about Ordinary Life Annuity |
| Guaranteed Life Annuity | Ensure a term of payments that won’t end, even if you die before it expires. More about Guaranteed Life Annuity |
| Joint & Last Survivor Annuity | Payable to you and your spouse. After first death, payments continue to the survivor. More about Joint & Last Survivor Annuity |
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