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Annuity and Pension

Retirement is an inevitable stage that comes in every working individual’s life. It is a stage in life that is likely to bring feelings of apprehension, especially in terms of finances. Now, that regular paycheck will no longer be there as most of the Government organisations have abandoned pension for their employees, maintaining one’s lifestyle and meeting expenses is a valid worry which will be in every retired individual’s mind. However, Insurance Companies brings a special product designed specially to provide a regular income after you’ve retired, and in some cases, also provide insurance cover. Here are some important things which can help you decide on which pension plans are best suited for you.