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An annuity is a type of long-term personal contract designed to provide capital growth for your assets and a steady income flow for retirement. Very different from life insurance which offers the insured's beneficiaries a lump sum; with an annuity, you can enjoy the benefits of saving accumulation as well as lifetime income. |
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the policy holder contributes a fixed premium for a regular term, and determines an investment portfolio for achieving their target. Due to compound interest, the longer the accumulation period is, the more obvious the return.
When the annuity plan starts, the policy holder will receive regular annuity payments throughout their lifetime regardless of the investment environment. 
insured pays a one-time premium or installments to an insurance company for investment. Upon retirement, the insured will receive regular annuity payments throughout their lifetime, making planning for the future a breeze.
the premium can be paid monthly or annually, and can be altered according to the insured's needs. This type of fund is highly flexibile; for example, once the cash value of the policy reaches target, the insured can reduce the premium, cease payments, or top up the premium for additional savings.
When the time comes for the next generation of entrepreneurs to set up business, an annuity is the perfect way to provide venture capital.
