Personal Finance
What is a Life Annuity Plan?
By Investment Stab  •  June 22, 2015
What is a Life Annuity Plan? Definition (quoted from Investopedia) Simpler Definition 1) It is an insurance plan 2) Mainly used for retirement 3) Involves you paying a monthly amount or 1-lump-sum to the insurance company to create a pool of money (Fund).  4) the Fund will be used for investments until you reach the age to draw money from your fund 5) You will...
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By Investment Stab
We are a group of Singaporean students who are curious and interested in Finance. As we dive deeper into this area in search of more knowledge, the more debates and differences we have. We also realised that financial literacy is not strongly inculcated in the younger generations, leading to numerous costly mistakes. Some of such includes believing in "high profiting" scams such as land banking and buying unnecessary investment schemes which are often motivated by the salesperson's personal interest ...
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