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Retirement Planning: When to purchase an annuity plan?

Updated : December 28, 2018 12:57 PM IST

Once you purchase an annuity plan, the insurance company bears the longevity risk.
You may go on to live till the age of 100 or 120. The insurance company will continue to make payment till such time you are alive.
Annuity products are easy to understand. You pay a lump sum and you get a monthly income for life.
Retirement Planning: When to purchase an annuity plan?
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