19/04/2023
Guaranteed Lifetime Income Plans - GLIP
Guaranteed income plans, also known as fixed income plans or annuities, are important because they provide a steady stream of income for the investor. These plans have a guaranteed rate of interest, which means that the investor can be certain of a specific return on their investment. This can be especially beneficial for retirees or those nearing retirement, as it can provide a reliable source of income to supplement their other sources of income, such as a pension.
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