| 1. | A common use for an immediate annuity might be to provide a pension income.
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| 2. | That's because the single-premium fixed immediate annuity ( explained below ) is our magic bullet.
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| 3. | With immediate annuities, a owner pays a lump sum and the insurance company begins making payments soon after.
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| 4. | Immediate annuities start paying an income immediately ( actually 30 days ) after the total premium is paid.
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| 5. | Immediate annuities protect against this risk.
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| 6. | You can cash in on your annuity by taking a lump sum at the end, except for immediate annuities.
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| 7. | Prior to 2016, the company offered several annuities : fixed immediate annuities, traditional fixed deferred annuities, and fixed index annuities.
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| 8. | The overarching characteristic of the immediate annuity is that it is a vehicle for distributing savings with a tax-deferred growth factor.
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| 9. | You can have an immediate annuity, where you receive monthly payments right after purchase, or a deferred annuity where payouts come later.
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| 10. | Here we call a pure annuity ( no accumulation phase ) an immediate annuity because it starts the stream of income immediately.
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