An immediate annuity is a financial product sold by insurance companies that allows you to convert a lump sum of money into a stream of guaranteed income payments. Most people who purchase ...
This feature provides a safety net for annuitants. Immediate annuity: Begins payments shortly after a lump sum is paid to the insurer. Immediate annuities are suitable for individuals who need ...
With an immediate income annuity, you convert a lump sum into a stream of income that starts almost immediately. Having a guaranteed set stream of income for life provides valuable longevity ...