Invest in Annuity Schemes offered by Banks to Earn passive income

[nomad]

THis method of passive income is available only to those who have money. Apart from investing in annuity, you can also create a fixed deposit account in banks to earn passive income.

 

[cherry123]

This is a good model of passive income and can be available to anyone but it is capital intensive as it will need one to have money to invest in it.

 

[Stardom22]

It's a great thing to investing in the annuity provided by the banks. The downside part of that is the capital intensity for that kind of investment. Only the rich can afford that.

 

[Hate2Wait]

Annuity pays better as compared to fixed deposit but you need to invest a very high amount

 

[Rubz]

Does this actually work and is it available in all countries because i don't think i have heard about such scheme in my country, maybe it's because i've not pained attention to it though.