Tag Archives: life annuities

How much superannuation is necessary

Superannuation is made up of: the accumulated contributions made into the fund over a person’s working life, and probably the value of life insurance in the event of premature death The question you need to ask yourself is: How can … Continue reading

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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

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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

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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

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