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Immediate Annuities Guarantee You a Hassle Free Post Retirement Life

By Robertcook Subscribe to RSS | March 1st 2012 | Views:
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Do you want to experience a hassle free life after you retire from your job? If yes, than you must invest in annuity plans as they involve minimum amount of risk and guarantee the pension holders a steady flow of monthly income, which in the long run prove to be your alternative source of income. Among all the annuity schemes available in the market fixed annuities and immediate annuities are the most reliable. Immediate annuity scheme is the traditional form of annuity investments.

Before investing in annuity you need to carry out a detail market research so as to gain a sound knowledge regarding the best annuity plan on offer. Browse through the different websites that do host contents related to annuity. Read the terms and conditions mentioned in the annuity policy very carefully so as to avoid the hassle of any hidden clause later. You can even seek the advice of the financial experts, to find out an annuity investment scheme that will be in keeping with your requirements. These annuity schemes are tax free components. You can make the annuity payment monthly, quarterly, half yearly, or annually.

Annuities are always adopted for a fixed span of time, and the size of the annuity quotes are directly affected by the time period. When your annuity scheme will mature the amount will be automatically credited to your account. The matured amount is taxable. The payment that you will be receiving varies from one financial institute to the other. In some annuity program you even enjoy the facility of removing a portion of the total sum of money as per your requirement.

There are various kinds of annuity schemes:

• tax deferred annuity

• fixed annuity

• immediate annuity

• fixed deferred annuity

• term certain annuity

• retirement annuity

• lifetime annuity

Over the period of time several features has been added to the immediate annuity programs which enable the particular annuity scheme to offer the customers myriads additional benefits. Like any other annuity investments in this case also you need to deposit a fixed sum of money, in an insurance company. And in return the company will see to the fact that you receive a guaranteed income every month. While calculating life expectancy of the candidate the insurance company will consider several factors such as age, gender, and health condition. If you invest in an immediate annuity scheme you will be yielding a guaranteed income which is higher when compared to the return yielded by other annuity schemes. In case of death of the annuitant the unrecovered principal amount needs to be surrendered to the monetary organization, thus benefiting the insurance company. The different lucrative policies under the immediate annuity plan are:

• single life

• joint life

• period certain

• remainder guarantees

• inflation adjustment

Other vital points that you need to consider prior to investment are - approximate payout rates, comparative study of the alternative strategies such as asset management, guaranteed income variable annuities, and annuity quotes offered by different sites.

Robertcook - About Author:
Robert Cook is a business consultant who has good information on immediate annuity . For more information on annuity quotes he recommends you to visit www.totalreturnannuities.com/

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