Sunday, 27 January 2013

What is settlement

The meaning of settlement is very simple. Since it is depending on period so it is an adjustment of a period. In a word it is said that settlement is the time frame of adjustment.

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.