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There are many reasons why people who so hard for the best part of their years. Some just want to achieve their goals of getting rich. Some just want to provide enough to make their loved ones comfortable. Others want to be able to buy whatever it is that they want and need. Still, there are people who work hard while young so that they can make the most of their senior years living life to the fullest and enjoying the little things that they never get to enjoy while they were still young.
Most people who are already in their late fifties and early sixties already contemplate about retirement. This is a stage wherein mature people retire from the work force to enjoy life, something they were deprived of when they were younger and still strong. It is a privilege all the seniors should have, but sadly, not everyone gets to have. This is why an annuity advisor is very much needed.
A life annuity is a financial contract wherein a seller, which is typically a life insurance company, makes a series of disbursements to a buyer, all in exchange for payments prior to the onset of the remuneration. The payments can be made in two ways. It can be done immediately in a lump sum, as in the case of single payment remuneration, or can be disclosed in regular disbursements in the case of regular payment annuity.
There are usually two phases in this sort of financial activity. The first phase is called accumulation. This is where the customer or the annuitant deposits and accumulates money in an account. The second is the distribution phase. This is the part wherein the insurance company makes income disbursements until the death of the person highlighted in the contract.
To be able to fit certain and definitive needs, there are a wide array of plans to jumpstart a retirement. One of these is the most popular fixed and variable remunerations. Fixed ones are characterized by payments done in fixed amounts. The variable type allows the buyer to receive payments according to his fixed performance.
Guaranteed annuities guarantee an additional clause to the person who has paid for it. There are always special cases wherein the original buyer dies before he has received the bulk of the payment that is due to him. To avoid losses, guarantees are affixed in certain contracts that allow a certified beneficiary to receive the remaining payments just in case.
Joint ones are multiple accounts fused together. These types include joint life and joint survivor subcategories. In these accounts, payments stop upon the death of one or both users.
Sick people, even if they are not of retiring age yet, can also benefit from annuities. This is called an improved life annuity. It is made especially for people who are diagnosed with a disease and is given a definite span of time to live. This way, families will not be burdened too much with the loss, if ever.
Advisors are people who are experts in these financial plans. They are the ones you run to when you want to try investing in an annuity. These people are trained to find the right plan for you to make the most of your later years in life.
Most people who are already in their late fifties and early sixties already contemplate about retirement. This is a stage wherein mature people retire from the work force to enjoy life, something they were deprived of when they were younger and still strong. It is a privilege all the seniors should have, but sadly, not everyone gets to have. This is why an annuity advisor is very much needed.
A life annuity is a financial contract wherein a seller, which is typically a life insurance company, makes a series of disbursements to a buyer, all in exchange for payments prior to the onset of the remuneration. The payments can be made in two ways. It can be done immediately in a lump sum, as in the case of single payment remuneration, or can be disclosed in regular disbursements in the case of regular payment annuity.
There are usually two phases in this sort of financial activity. The first phase is called accumulation. This is where the customer or the annuitant deposits and accumulates money in an account. The second is the distribution phase. This is the part wherein the insurance company makes income disbursements until the death of the person highlighted in the contract.
To be able to fit certain and definitive needs, there are a wide array of plans to jumpstart a retirement. One of these is the most popular fixed and variable remunerations. Fixed ones are characterized by payments done in fixed amounts. The variable type allows the buyer to receive payments according to his fixed performance.
Guaranteed annuities guarantee an additional clause to the person who has paid for it. There are always special cases wherein the original buyer dies before he has received the bulk of the payment that is due to him. To avoid losses, guarantees are affixed in certain contracts that allow a certified beneficiary to receive the remaining payments just in case.
Joint ones are multiple accounts fused together. These types include joint life and joint survivor subcategories. In these accounts, payments stop upon the death of one or both users.
Sick people, even if they are not of retiring age yet, can also benefit from annuities. This is called an improved life annuity. It is made especially for people who are diagnosed with a disease and is given a definite span of time to live. This way, families will not be burdened too much with the loss, if ever.
Advisors are people who are experts in these financial plans. They are the ones you run to when you want to try investing in an annuity. These people are trained to find the right plan for you to make the most of your later years in life.
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