There are two types of annuities, Individual and Joint Life.

Individual annuities are selected by companies to plan the tax liabilities for their key members like CEO, Presidents, VP’s, Directors, Partners, etc.

Ones the annuity starts a fixed income is received by the policy holder throughout his/her life.

In case of Joint life, both the spouse enjoy pension throughout their life.

Certain annuity products are also designed for handicapped and specially abled people.

SILENT FEATURES

• There are four different type of annuity plans:
  1. Immediate Annuity
  2. Deferred Annuity
  3. Individual Annuity
  4. Joint Life Annuity
• Single Premium and Regular Premium Plans are there

 

Sanghavi’s Recommendation:

• One should start investing in annuity from the day one starts earning.
• Retirement is the most crucial part of one’s life and in fact most people neglect this part in term of planning.
• How to plan or calculate how much fund is required to fund the retirement period of 30 years must be planned and calculated with help of financial planners.
• Lady should have annuity in her name so that she has financial freedom in most important stage of her life.

SILENT FEATURES

• There are four different type of annuity plans:
  1. Immediate Annuity
  2. Deferred Annuity
  3. Individual Annuity
  4. Joint Life Annuity
• Single Premium and Regular Premium Plans are there

 

Sanghavi’s Recommendation:

• One should start investing in annuity from the day one starts earning.
• Retirement is the most crucial part of one’s life and in fact most people neglect this part in term of planning.
• How to plan or calculate how much fund is required to fund the retirement period of 30 years must be planned and calculated with help of financial planners.
• Lady should have annuity in her name so that she has financial freedom in most important stage of her life.