Annuity

Providing for the future through annuity

Annuity is a tax-deferred contract, which provides an income for a specific time period or for life. There are two types of annuities:

(a) Deferred annuities:

A deferred annuity allows you to get your assets tax-deferred and convert your account balance to income payments at a future date.

Deferred annuity has two stages:

• Savings and investing
• Retirement income

Since all of your earnings are tax-deferred, it means that you are free from paying taxes on your earnings from annuities until you withdraw your money, which is usually at retirement. Henceforth, you can make a single lump-sum disbursement on the annuity, or you can make multiple contributions over time.

(b) Immediate annuities:

An immediate annuity allows you to receive income payments right away. For regular income payments, immediate annuities can be very beneficial. Immediate annuities have a provision to give income for a set period of time. Immediate annuities are ideal for people who want an income with multiple options.

We have a network of experienced professionals who will guide you in choosing the right solution, matching your annuity loan requirements.

Chance For Loans can help borrowers purchase annuity with the following advantages:

• Annuities are the only policies through which you can avail of an income for life
• High level of income with security and mental peace
• Annuities carry much less risk than the alternatives available
• With annuities, you convert a lump-sum into monthly payments
  

Annuities pay you for your entire life, no matter how long you live.