Annuity

Why buy an annuity?

Annuity is an economic support for you to enjoy life after retirement

Why buy an annuity? Annuity is an economic support for you to enjoy life after retirement.

Annuity is a stable plan with low risk or guaranteed monthly dividends, ensuring monthly income upon retirement and maintaining pre retirement life.

Types of annuity insurance:

·Immediate annuity: usually purchased in lump sum, with benefits or installment payments starting immediately after the first annuity period (one or six months).

·Deferred Annuity: Benefits or installment payments begin when the recipient reaches a certain age or at a specified time.

·Periodic annuity: Within the agreed period, regardless of whether the recipient is alive or not, the insurance company will pay the annuity until the end of the insurance annuity payment period; Another type is the fixed-term survival annuity, which is paid within the agreed payment period as long as the annuity recipient survives until their death.

The benefits of annuity insurance:

·Suitable for retirees to make long-term investments

·Will not lose income sources or exhaust savings due to long lifespan (can choose a lifetime annuity plan, even if very long, there will be stable income)

·There is regular and income guarantee (the annuity period can usually receive a fixed or increasing annual amount)

·Stable income can be used as a hedge against unfavorable financial situations