Annuity or Pension plans provide financial support to an individual when he/she reaches at a stage of life; in which he/she cannot do work to cover his/her basic living expenses. After retirement, everyone wants a regular income source; that’s why, many employers set up occupational pension schemes for their employees to provide a regular income source to them. It is immensely important for individuals (whose employers do not provide occupational pension schemes) to plan for post-retirement expenses to live a hassle free life after retirement.

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