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Everyone wishes to live their retirement life in peace but not everyone gets to live the same. For a comfortable life after retirement, you are supposed to plan in advance and annuity insurance plans are helping the employees with same.

Annuity insurance plans greatly make people able to take care of themselves in the later years of their life. These plans provide them with a guaranteed monthly income to help take care of their financial commitments as well as their daily life expenses.

Recently, annuity insurance plans have boomed up as the new favorite investment option among the investors. Let's try to understand how the scenario has changed in last few years and why should you consider buying an annuity plan.