Annuity

Annuity plans are essentially an agreement between two parties, the insurance company and the buyer, with a promise to pay a series of payments at regular intervals of time against a purchase amount. It is a popular choice among people who wish to enjoy their retirement lives without any financial stress or burden. Post-retirement is an important phase in life where most people don’t have an active source of income and hence, they look for best retirement plans to manage their finances early on to meet the daily needs and simultaneously maintain their lifestyle too.