What Are The Benefits of Annuity Plans?

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    They provide a fixed income during old age

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    Protection against uncertain circumstances

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    Low-risk investment

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    Long-term payout

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    Can be used to leave inheritance

Pro Tip

The payout or money we get after the period of annuity ends can be used for any purpose.

Pro Tip

Therefore, payout is a long-term asset that can be passed on to the next generation.

We'll learn about who should get an annuity plan in the next section

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