St. Patrick's Day. St Patrickâs Day is a global celebration of Irish culture on or around March 17. It particularly remembers St Patrick, one of Irelandâs patron saints, who ministered Christianity in Ireland during the fifth century. St Patrickâs Day is celebrated in countries with people of Irish decent.
A difference that can be seen between pension and annuity is in the payment amount. The pension is determined by the sum that one has earned during his service and adjusted for the duration of his career. Annuity is a scheme that is determined by the amount of investment made by a person towards the scheme.
Generally, you would make a one-time or lump-sum payment or regular payments to the insurance company to fund the annuity. Common types of life annuities are: Fixed and variable annuities; guaranteed annuities; joint annuities; and impaired life annuities. Life annuities are often used to provide retirement income.ife Annuities. A life annuity is different from other annuities in that it usually ends when the person receiving the payments dies. Many people buy annuities to give them a steady stream of income during retirement.