When an individual is engaged in a full-time profession, he hardly has time to spend with close friends and family. The professionals always get complaints from their peers that their job is more important to them than anything else. But a time comes when you dont need to attend your office daily and you have lots of time to spend with your near and drear ones. But then, you realize that your life without a full-time job is so incomplete. This incompleteness is not only because of the emptiness in your busy schedule, but in financial terms as well. Life annuity, in such a scenario, appears to be the best alternative. Life annuity is the financial solution that allows an individual to withdraw the money from the funds, which he saves throughout his service life.

Thinking about the future and securing it is the primary responsibility of every individual. Most of the people spend money like anything when they are into their jobs, which results in low savings that lead to financial stability when they grow old and retire. As a result of this, the retirees have to remain dependent on their family members and relatives. Whether you realize it or not, but at that very period, you ate no less than a liability for them. So why bother others for fulfilling your requirements when you get old. Apply for life annuity scheme enrollment and ensure incoming cash flows at regular intervals during your retirement. This benefit makes life annuity schemes, the most sought after programs for the old individuals.

Life annuity is an agreement between an individual and an insurance company which offers several beneficial provisions to the individuals. The scheme allows a person to invest in the annuity funds from time to time and then release it once he gets retired. Therefore, whatever you earn during your service period, a portion of it can be utilized for investing in the life annuity funds to get its benefits in the advanced stage of your life.

You might be wondering why people enroll for the life annuity schemes, when simple saving alternatives are there to help. There are two basic reasons behind this, which include the following:

• Just saving the funds will not provide you a chance to get something more added to it before you start receiving your amount. With the help of this scheme, however, the insurers would provide you an interest on your investment that will ultimately make it a fruitful financial deal for you.



• The amount that you keep on investing in the life annuity scheme is free of taxes until you begin withdrawing it after getting release from work.

If you start withdrawing the amount prior to your retirement, it will penalize your life annuity. This is one of the things that you must note before you enroll for these schemes. Based on the interest rates and various other factors, the annuity calculator computes the exact amount that the investor or the future financial post-retirement troubles.