Lifetime annuity has been helping people in different ways. Investment products are deigned strategically so as to provide consumers with greater income in the future. Lifetime annuities are smart investment plans where the annuitant is entitled to receive a certain amount till he outlives. With rates of life expectancy reaching peaks, needs for lifetime annuities have been increasing. While term annuities mean that you will receive a specific amount for a specified time, lifetime annuities make sure you remain financially stable till the time you live.
Of all financial investments lifetime annuity that is fixed in nature, are considered a fruitful investment vehicle. Moreover, they are safe options for retired individuals who crave for a stable economic flow. Fixed lifetime annuities safeguard you from the risk prone fluctuating market. These investment plans promise the holder of benefits, where he is entitled to receive a steady flow of income regardless of any turmoil prevailing in the market.
While most of these investment products offer income for your life, others draw a line when it comes to offering you money. Lifetime annuities entitle you of receiving a certain sum of money either on a monthly, basis or on yearly basis depending upon your needs. Such kinds of income last for around 20 years or more. The annuitant has the right to receive the amount in lump sum. In that case he will have to inform the annuity company from beforehand.
Lifetime annuity helps avert market risks and in majority of instances the annuity provider has to bear market risks. Even if the economic conditions are poor the annuitant won’t be affected. This is why most people opt for lifetime annuity over other investment plans.
It is time you compare lifetime annuities
If you are unable to settle for the perfect investment plan you need to converse with an annuity expert. You need to seek help from a financial planner who has been in business for quite long. The expert having profound knowledge would readily offer you guidance on the same. The expert after comparing different financial products would even go on to the extent of highlighting the merits and demerits of each product. Whether or not you will like to invest on a particular lifetime annuity investment would largely depend on his word of mouth. He is likely to show you the differences in return by using the annuity calculator and make it easier for you to select a plan.
- Four Structured Settlement Questions and Answers (2008taxes.org)
- TurboTax Free Edition Takes The Hassle Out Of Filing Your Taxes (2012taxes.org)