An annuity is essentially an income insurance against living too long and, with life expectancy steadily increasing, it (TrustNet)

home > yahoo news

An annuity provides a guaranteed income for life in return for a lump sum investment. Compulsory purchase annuities are bought with the proceeds from an employer's pension scheme or personal pension. The income from this kind of annuity is taxed as earned income.

- link to An annuity is essentially an income insurance against living too long and, with life expectancy steadily increasing, it (TrustNet) -
Last update: 08/04/2005

Thanks for stopping by!

decoupled.net: - iPods, MP3s, podcasting - IT Training - Credit, finance, mortgages - Prescriptions, medical news - Home improvements