An annuity can be defined as a personal insurance policy enrolling to which will provide a regular cash inflow as soon as the scheme reaches its maturity level. The tenure till which an individual can enjoy the income through this scheme extends either to a certain limit or even for the lifetime of the policy holders. Most common ways of buying these policies are through cash or with the help of accumulated finance from your pension. The annuity rate , therefore, serves to be an essential factor that need consideration while you purchase a particular policy. The old people register to these annuity schemes as they desire to earn heftier amount in addition to their pension. Buying an annuity policy with the pension amount ensures that after retirement the senior citizens would get a pension inclusive of the annuity amount. Hence, taking the annuity rate into account is one of the most essential steps for the insurance seekers . The pension plans that are generally availed by the old i
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