Data:2009-12-12 2:34
Category: Insurance tips Release Date: 2006-08-01
Life insurance annuity insurance is a kind of understanding it is often quite different from life insurance: life insurance is mainly accumulate a fund for the premature death of the insured to provide economic security; and annuity insurance is considered as being insurers due to prolonged life expectancy in the later years of the economic difficulties that may arise in preparation. Although they are called annuities, are not necessarily referring to the annual payment, which can be half-yearly, quarterly, monthly payments, usually monthly pay.
According to different standards, pension insurance, there are different classifications. It can be divided into immediate annuity and deferred annuity, the former a lump sum at time of purchase premiums, over a period of time and then began the first annuity payment; the latter adopted a phased approach to deliver premium, at the end of a period of time after the payment began to pay annuities, Comparatively speaking, the latter is more flexible and more common. Annuity insurance also can be divided into regular pension and life annuity, by definition, is a regular pension payments within an agreed period, such as the payment for 10 years, or the payment of 20 years; and life annuity there is no fixed term, it will continue to pay until the insured until death.
