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Life Insurance
Types of Annuity in Insurance
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[QUOTE="Nite, post: 187330, member: 28512"] The basic principle of annuity is mostly interlinked to that of a pension. However, an annuity and a pension are completely different concepts. An annuity is actually a chain of periodic payments that are made time to time from a lump sum corpus. Thus, the annuity is a regular source of financial income, and an excellent choice for retirement subsidising. In the world full of uncertainties, annuity is the most certain thing you can rely on. [/QUOTE]
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