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Benefits of Pension Plans for Senior Citizens
Pension plans are investment plans which help to allocate the savings to accumulate into a corpus over a specified period of time and it also provides with a steady and regular source of income after your retirement. Pension Plans provides financial security to the senior citizens so that they do not have to compromise on their living standards. The senior citizens require a steady source of income after retirement. In that case, pension plans can help them to receive regular income from an Immediate Annuity Plan.

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