What is Annuity?

An annuity is a financial product that pays out a fixed stream of payments to an individual. These financial products are primarily used as an income stream for retirees. Annuities are created and sold by financial institutions, which accept and invest funds from individuals. Upon annuitization, the holding institution...

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Why retirees should take annuity

The General Manager, Life Business, Leadway Assurance Company Limited, Mr. Tinashe Muyambo, urged retirees under the Contributory Pension Scheme (Programmed Withdrawal) to take annuity at their retirement because it will provide them with pensions for life. Insurance Guru will further advise you on why you should consider annuity. WHAT...

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