According to the Land Titles Cap.282 ( an Act that was later repealed by LRA Act of 2012) Section 3 had provided that - “encumbrance” means any charge on immovable property created for the purposes of securing the payment of an annuity or sum of money other than a loan; An annuity is an investment option that can provide a guaranteed income for an individual or their spouse throughout their retirement. They are purchased for a set period and payout a specific amount in retirement based on the investment strategy and amount invested. However, Annuities can be a poor investment for many people. The main drawbacks are the long-term contract, loss of control over your investment, low or no interest earned, and high fees
According to the Land Titles Cap.282 ( an Act that was later repealed by LRA Act of 2012)
Section 3 had provided that -
“encumbrance” means any charge on immovable property created
for the purposes of securing the payment of an annuity or sum of money
other than a loan;
An annuity is an investment option that can provide a guaranteed income for an individual or their spouse throughout their retirement. They are purchased for a set period and payout a specific amount in retirement based on the investment strategy and amount invested.
However, Annuities can be a poor investment for many people. The main drawbacks are the long-term contract, loss of control over your investment, low or no interest earned, and high fees