According to recent survey, published in the Independent, more than half the adults are losing their entire pension upon their death. This is leaving their loved and dear ones almost stranded.
The study also found that almost 39% of the couples have almost nothing in place to ensure that their income will continue to be paid if any one of them dies. The other thing is that a further of about 13% people, simply posses no idea of what will actually happen to their pension. They also have no idea about their other investments. This is lack of any investment ideas, regarding fixed annuities.
People might never discuss their annuity plans with their immediate partners, since they feel that they have a risk of losing their income. But the classic example is that the rates of the annuities are going in a historical low position. But the fixed annuities give a little more return than the others. There are also single life annuities, which offer a higher initial income. The annuity rates are also to be determined by the market rates prevailing. The fixed annuities are also said to be the safest of the lot.
People often choose the easiest option that is the predetermined rates of fixed annuities. There are a lot of options with joint life annuities; you will get a sum guaranteed on it. But a joint life fixed annuity can typically choose a guarantee as well your spouse can continue to receive your annuity income. So ensure that you go for the fixed annuities scheme. Your wife will continue to receive your income, even after your death. Due to heavy taxes, today investors are almost compelled to go for and buy annuity at the age of 75. It is always one of the safest avenues of investments and savings.