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You can think of a lifetime annuity as investment vehicle that functions as a personal pension plan. Sometimes referred to as “single life,” “straight life. A pension annuity is a product that pays you a regular income for the rest of your life, no matter how long you live. When you retire, one of the most. Defined benefit pensions and Social Security are two examples of lifetime guaranteed annuities that pay retirees a steady cash flow until they pass.

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Immediate Annuity Plan is a non-linked plan that offers various annuity options Click to buy an annuity plan online. Retirement and Pension Plans. An Annuity is a contract with a life insurance company that will pay you a guaranteed, regular pension income for life in return for you paying a fixed sum. An annuity is based on the amount of investment by an individual towards the scheme. The Pension is calculated based on the sum of the amount earned during the.

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An annuity pension is a guaranteed income. It's paid over a fixed term or for the rest of your life. Annuity pensions are sold by insurance companies and. If you want help to pay for the basics in retirement, or are worried that your pension money won't last as long as you need it, then our annuity could be. Features of pension annuity: Guaranteed regular income each month. The amount of payments for accumulated funds does not depend on the situation on the.