What is Annuity?
It is a fixed amount paid to the beneficiary. The Annuity is paid as a settlement of insurance claim or by way of damages for any torts or by the investor to the beneficiary as a retirement plan. The annuity could be for a particular period of time or for life depending on the type of investment made. If the Annuity is paid as a compensation for accident, then such Annuity will be till the person fully recovers from the injury and is able to take up his normal work. If it is a
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Retirement is a day which every individual will have to face in life. Those who are in employment will have to retire after attaining particular age as mentioned in the service rules. For these persons retirement is mandatory. Even those who are in business have to retire. They cannot continue in business for life and one day or the other they will have to hang up the business because of old age. Life after retirement is something difficult to imagine. Now the person will not have any regular in
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Retirement is a necessary event which everyone faces in life. When one thinks of his income after retirement, several options arise. During his service, the person has to save some amount every month for his retired life. The person invests this amount in Annuity schemes which fetch him some periodical income so that after retirement he can lead a normal life. Before choosing the appropriate investment plan, the person has to evaluate his needs. His immediate commitments like education of childr
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What is structured settlement?

This is a term generally used in insurance settlement. Insurance settlements are normally one time settlements given to the affected party or the claimant. The structured Annuity settlement (also called as ‘Structured settlement’) can be called as an extension of the benefits over a longer period of time. In other words, the victim gets a fixed amount periodically instead of getting the money in one lump sum. Such periodical income would normally last till
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An annuity is an accumulation of lump sum money that amounts by a series of equal and regular payments. The reverse process is also possible that is the liquidation of the whole lump sum amount through a series of equal and regular payments. Know -how of total money you need to convert the lump sum to two a series of monthly payment or income such that the particular creation facilitates a flow of monthly retirement income always helps.

A mathematical calculation is involved in processing of
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