The interest rate is plunging. It is definitely good news for the debtors but not for the savers. A cut in the interest rate may inspire the investors but the savers will not feel enthusiastic. They may even withdraw a part of their saving due to the sluggish growth rate of the saved amount. In such an event, they have to either bite off their capital or invest into the stock market. The first option will be rejected outright by the majority of the individuals. As far as the second option is concerned, many are averse to take such a high margin of risk. There is another alternative for this brigade and it is to make investment into the lifetime annuity.
Annuity is what safeguards your income as well as makes it grow with the passage of time. When you purchase a lifetime annuity, you invest a hefty figure and in lieu of that, get a series of monthly income till the last breathe of your life. The monthly payment is a fixed figure and determined in times of buying the annuity. Lifetime annuity is a good option to ensure a better tomorrow as you can rely on a pre-set figure of monthly income instead of interest rate.
The added advantage of buying a lifetime annuity policy is that a part of the yearly income payment made by the insurance company is treated as the return of the annuitant\u2019s money and therefore exempted from income tax. When you invest into a lifetime annuity, it may make a considerable reduction in your estate value to be enjoyed by your heirs. But such a possibility can be offset by a reduction in the inheritance tax due. One feature of the lifetime annuity may sound to be disadvantageous and that is after the demise of the annuitant, no benefits are provided to the inheritors.
Annuity is what safeguards your income as well as makes it grow with the passage of time. When you purchase a lifetime annuity, you invest a hefty figure and in lieu of that, get a series of monthly income till the last breathe of your life. The monthly payment is a fixed figure and determined in times of buying the annuity. Lifetime annuity is a good option to ensure a better tomorrow as you can rely on a pre-set figure of monthly income instead of interest rate.
The added advantage of buying a lifetime annuity policy is that a part of the yearly income payment made by the insurance company is treated as the return of the annuitant\u2019s money and therefore exempted from income tax. When you invest into a lifetime annuity, it may make a considerable reduction in your estate value to be enjoyed by your heirs. But such a possibility can be offset by a reduction in the inheritance tax due. One feature of the lifetime annuity may sound to be disadvantageous and that is after the demise of the annuitant, no benefits are provided to the inheritors.
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A loan modification is a change that is permanent in one or more than of the original loan terms on the original mortgage, which allows reinstatement of the loan to stop foreclosure.
what is a loan modification california
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