For many businessmen, it is imperative to make an intelligent and thorough investment plan in order to earn a profitable career. Nowadays so as to have a high standard of living, average people are learning how to wisely invest in themselves. With the diminishing amount of pension people are guaranteed to receive, deferred fixed income annuity has gradually become a star financial product.

Some people argue that spending a considerable amount of cash for income you may never collect sounds like an imprudent decision. Who knows about what would happen in the future? Nevertheless, a study of Statistic Canada conducted from 2007 to 2009 shows that the life expectancy has extended to 80 years for males and 84 years for females in British Columbia. It shows a large difference from the study conducted 30 years ago, which indicates a life expectancy of 69 years for males and 76 years for females. Because of the advancement in medical technologies and a overall improvement in life standard, people are long-lived, therefore, may live a long period life without salaries. This is where the annuities show their values. Although with a relatively high fees and low rates of returns, the different kinds of annuities provide a steady flow of income for the rest of customers’’ lives, with which people are able to enjoy the most peaceful and meaningful period.

Uncertainty is a major characteristic of business as well as investment. Though the uncertainty brings us the sense of insecurity, it is always brilliant to take a chance for the best interest, especially when the bet is on you!

http://business.time.com/2013/09/21/retirees-are-living-longer-creating-a-new-star-financial-product/