Listen to a Business English Dialogue About Combination annuity
Samantha: Hi Paisley! Have you ever considered investing in a combination annuity?
Paisley: Hi Samantha! No, I haven’t. What exactly is a combination annuity?
Samantha: A combination annuity is a type of annuity that offers both immediate and deferred income payments.
Paisley: Oh, I see. So, it provides a combination of income streams over time?
Samantha: Exactly. With a combination annuity, you can receive immediate income payments while also deferring some income for later.
Paisley: That sounds interesting. What are the benefits of investing in a combination annuity?
Samantha: Well, one benefit is flexibility. You can choose when to start receiving income from the annuity.
Paisley: Ah, that’s convenient. Are there any drawbacks to consider?
Samantha: One potential drawback is that combination annuities may have higher fees compared to other types of annuities.
Paisley: I see. It’s important to weigh the benefits against the costs before making a decision.
Samantha: Absolutely. Like any financial product, it’s essential to understand the terms and conditions before investing.
Paisley: Thanks for explaining, Samantha. I’ll definitely look into combination annuities further.