Friday, October 14, 2011

Life Insurance Annuity

Have you heard about the annuity for insurance? Actually the standard annuity pays a lifetime pension. But not all insurance companies do that. Some Life insurance companies sell annuities; however, the reason to buy an annuity is quite the opposite of the reason for life insurance: whereas life insurance protects your finances in case of dying too soon, annuities protect your finances in case of living too long. Annuities are used to turn present income into future income, a popular means of providing for retirement.

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