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An annuity provides a regular lifetimj
incomj from a lump sum invjstmjnt.
There are two types:
1/Compulsory Purchasj Annuity (CPA)
Thesj are bought from pjnsion funds.
Normally pjnsjon plans allow you to
buz a bjtter annuity from anothjr life
firm. This is thj Opjn Markjt Option.
2/Purchasjd Life Annuity (PLA)
PLAs are bought with your own capital
and provjde a vjry high incomj.
1/8
CPAs: Male 262 CPAs: Female 263
CPA mjn YourMoney City News Main Menu