Conventional Annuity

Conventional Annuity,

Conventional Annuity Definition:

A traditional pension is a type of pension guarantee. A guaranteed pension is an old age pension that, in return for a one-time payment from your pension fund, usually guarantees you a permanent income for life. It can offer a guaranteed level of income that stays the same every year, rises above a certain percentage, or changes with inflation. The amount of your income depends on many factors, including your age and the size of your retirement fund.

Literal Meanings of Conventional Annuity

Conventional:

Meanings of Conventional:
  1. Based on or in accordance with what is commonly done or believed.

Sentences of Conventional
  1. Traditional ethics behavior

Synonyms of Conventional

common, normal, usual, typical, traditional, ordinary, standard, regular

Annuity:

Meanings of Annuity:
  1. Usually a certain amount is paid to someone for life every year.

  2. Insurance or a type of investment that entitles the investor to a certain amount of money annually.

Sentences of Annuity
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  2. If investors want to invest most of their savings faster, they should invest the money annually.

  3. Equity will first have to come up with an initial proposal to buy expensive pension insurance, which society can no longer afford.

  4. If they want to save, they can decide before they retire whether to spend money or buy annually.

  5. Fixed annuals usually charge انتظامیہ 30 per year in administration fees.

  6. When they retire, savers can choose a fixed or variable pension.

  7. When you get your tax-free capital tax refund, you usually need to make an annual purchase with the remaining funds.

  8. The deferred annual can be a fixed interest rate or it can be a variable product with sub-accounts.

  9. Beneficiaries can often change the amount from one year to the next, but this will ignore any declining health, for example.

Synonyms of Annuity

benefit, consideration, stipend, handout, grant, subsidy, subsistence, contribution, expenses, upkeep, annuity, financial support, pocket money, pension, remittance, keep, sum of money, maintenance