Question by AKS: Which is the best Pension Plan for Senior Citizens run by Insurance companies?
My Parents aged 71 yrs and 60 yrs would like to invest in Pension Plan to get decent monthly amount as pension after certain years. Which plan they should opt for?

Best answer:

Answer by ?
They should invest in a fixed deferred annuity account for their set time horizon. Annuities with many companies are yielding near 6% or more.

After the selected term of the annuity is over, they can then annuitize for guaranteed, lifetime monthly income.

You can learn more about annuity accounts here:

http://www.ohioinsureplan.com/index.php/annuities/

http://www.ohioinsureplan.com/index.php/annuities/immediate-annuities/

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