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Benefits of Annuities
Annuities are a good way to ensure that you do not outlive your
savings. Insurance takes care of income requirements if you die
too soon. Annuities take care of your life after retirement, in
case you live much longer! Investment in
Annuities proves to be highly beneficial for everyone. Some obvious
benefits include:
Tax Relief – By investing in Annuities, you are
saved from paying taxes until you actually start withdrawing and
receiving the payments.
Flexibility – Investing in Annuities offers flexibility
of choice. You are given the opportunity to choose from the various
options available making sure that you invest in those annuities
that will take care of your long term goals and financial responsibilities.
You also have the chance to select the way in which you want to
receive payments.
Support for beneficiaries
– If you have dependants and beneficiaries to take care of, investing
in annuities serves multiple purposes. You can save for your retirement
years as well as ensure that you leave something behind for your
dependants and loved ones.
No limits – There are no constraints or limits on
the amount that you can invest in an Annuity.
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