Category Archives: Annuities

Life annuity retirement income

Risk of Living too Long negated through life annuity Ensuring retirement income stream over remainder of one’s life is the key purpose of the superannuation system.  The benefits of taking out a life annuity are explained but, for the reasons … Continue reading

Posted in Annuities described | Tagged , , , | Comments Off on Life annuity retirement income

What is a life annuity contract?

The key feature of a life annuity contract is that it is payable for a person’s lifetime.  The basic requirements of a life annuity contract are set out in the description and purpose of an annuity that is payable for the … Continue reading

Posted in Annuities | Tagged , | Comments Off on What is a life annuity contract?

Longevity Risk – lifetime uncertainty

Insurance against longevity Longevity, is one of the imponderables to consider, when one reaches retirement.  This question is how long will you live?  Real problems arise when having contributed into superannuation and now a superannuation lump sum is available to … Continue reading

Posted in Longevity Risks | Tagged , | Comments Off on Longevity Risk – lifetime uncertainty

What is an annuity?

An annuity is a financial product paying an income stream to the buyer for a period of time.  The income stream is paid monthly (or quarterly, semi-annually , or annually). The person receiving the income is usually the buyer or, spouse or, children … Continue reading

Posted in Annuities described | Tagged , , , , , , | Comments Off on What is an annuity?