What is the annuity of life?

Nowadays it is a full -time job that makes the world around. It is almost impossible to survive - and succeed - without full -time work. So how do you plan your pension years when you can no longer, or no longer want to work full -time? The annuity of life is a fund to which you contribute during working years while you have a stable and reliable income. The advantage of investing in life annuity, instead of saving money themselves, is double: your investment grows according to the interest rates offered by the annuity of life, and the money is exempt from tax until they are withdrawn from the annuity of life. The means in the annuity of life will not be taxed until you retire and start paying payouts, at that time it is considered income and as such is taxed.

life annuity allows people to plan their retirement. As you retire and start paying payouts from your annuity of life, each time gete monthly checks of the same amount. This means that you will have a constant income to which you will apply, even if you are no longer working full -time. You can also buy the annuity of life at the same time, instead of gradually investing over the years - a possibility that is particularly popular with those who want to retire soon leave less time to accumulate a large investment, or those who have not planned to invest in their future soon.

Like all investment plans, the annuity of life will punish you if you collect money soon, so it is important to invest only the percentage of your income that you can safely save. Once you are entitled to periodic payouts, you can retire, safely knowing that your future is safe. The annuity of life will continue to send you regular payments until the event of your death, when the payments will stop and the funds will be transferred to the heirs.