Variable Annuities: The Third Way?
For many human beings the attraction of buying a guaranteed annuity is the term "guaranteed"- you pay the premium with your dense earned pension fund and get a guaranteed income for lifetime. At the other end of the spectrum there are those who don't desire to commit to a guaranteed income and are pleased to expose their fund to the changeable stock market generating a pension income through draw-down. However, if neither option appeals to you, you may desire to consider the so-called "third path": The variable annuity.
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