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All About Single Payment Annuities
By cooldude | September 9, 2010
Are you on the verge of retirement, without being in any secured mode of retirement payment? In that case you might be worried about the loss of your regular salary? Or you might have a very fluctuating job where you make an enormous profit at one point of time and nothing at another point of time. In that case, you could opt for a Single payment annuity. What exactly is a single payment annuity?
This is a scheme which allows you to make a single deposit to the insurance company. The company will provide you in return, a regular flow of income. The amount you get is based on a calculation involving the amount you pay and a calculation of your life expectancy.
The insurance company will accordingly invest in equities and the like. Of course people have different needs, for which there are different amounts and terms. You can pick the one that suits you the best.
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