Sunday, 27 January 2013

What is an annuity

The word annuity is very important for any human being. It's meaning is massive. Simple can be said, an annuity is a contract between the two parties of an insurance. The insurance company sales this to the insurer which generates income flow on the basis of tax-deferred for the livelihood. There are a lot of people in the world, they prefer to get a fixed income flow for their future livelihood.
This word is very much well-known to them. Annuity is such type of think that is used in many ways. Annuity is mainly 


  1. Fixed, variable, fees, no fees....annuities can get rather confusing. Right now I'm trying to decide whether to sell an annuity payment or not, and I'm not sure of other options. But, I'm looking. Your post brought me one step closer. Thanks!

  2. Very well said Ada. Yeah we can use annuity in many ways. And annuity is a gift for you old age.