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Many people get annuities and life insurance policies confused. This leads to many misconceptions including the idea that an annuity is an insurance policy and life insurance is an investment. An annuity is not an insurance policy – instead it is an investment vehicle similar to a savings account or a CD. The difference between [...]

When it comes to a long term savings plan then annuities are the best options for you. Annuities are investment plans that require you to make an investment in a lump sum or in parts (that is to say equal instalments). This investment is meant to guarantee returns after a certain fixed amount of time. [...]