Enjoy a Pleasurable Life with Deferred Annuity

Needless to say, those who kick off their working lives from a very little age crave to reach the days of retirement. Be it in any corner of the world, retirees die to get rid of their hectic work life to spend ample time with their families and friends. Similarly, you must have plans to accomplish after retirement. Some choose to travel, some plan to enhance their savings to manage their child’s education costs while some decide to renovate their properties. Now, all these purposes can be met with the help of money. For this, you would certainly not shift your focus towards pensions for its low rates but look for a lucrative policy that can keep you financially secured.


As mentioned earlier, you can’t enjoy retirement with low savings and a meager pension. With these, you can never ever expect a pleasurable life with your family and kids. Those who work in government sectors can dream of a better retired life since they can enjoy handsome pensions for lifetime. But what about the one who works under a private organization where there are no chances for pensions? So, they need to arrange for such a financial plan that can usher loads of cash at the end of every month. Therefore, annuity can be a superb option in this respect.


Annuity is a policy where you need to provide a lump sum premium to an insurance company. Here the sum will be kept stagnant and the interest will keep adding till the amount is withdrawn by the annuitant. Once done, you can regain your very own amount plus the interest in the form of a lump sum or in installments, whichever option you go for.


Now, annuities are divided into several categories. One such popular and lucrative plan is a deferred annuity. Also known as a tax deferred annuity, a deferred annuity can be further categorized into fixed and variable deferred annuity. In case of fixed deferred annuity, the interest remains constant whereas in case of variable deferred annuity, the interest rates vary according to the market conditions. One of the biggest advantages of an annuity is that the amount of premium can be calculated you will be paying based on return you need.


Don’t forget to check annuity quotes available at different websites. Well, it’s better if you compare the annuity rates and policies offered by different companies. It’s advisable if you contact an expert and proceed according to his instructions.