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Annuity Learning Center

What is an Annuity?

An Annuity is a legal contract between you and an insurance company. You make a single premium payment or periodic payments over a period of time.

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Immediate Annuities PDF Print E-mail

Why should you consider an Immediate Annuity?

  • Are you concerned that you might outlive your income?
  • Worried that your retirement income is exposed to significant risk?
  • Do you want a worry-free flow of income?

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An Immediate Annuity provides:

  • A guaranteed retirement income without the possibility of outliving your income.
  • A guaranteed retirement income that is totally protected from risk.
  • Peace of mind.

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An Immediate Annuity is a single premium annuity designed to provide a flow of income. It can be set up to pay for a certain period of time, which is a concept that is often used in a split annuity strategy.

Or, you can use an Immediate Annuity to ensure guaranteed income that you can never outlive. The amount of monthly income from an Immediate Annuity depends on the amount of time the annuity pays out and the amount of your initial deposit . Income can be continuous for 10 years, 20 years or for the rest of your life!

You can also have money that is left over upon your death paid to your heirs. This is done by choosing the lifetime income option with a 10- or 20-year certain.

Immediate annuities are not for everyone, if you would like more information to see if an immediate annuity will benefit your situation, feel free to request a
personalized quote.

Personal Quote Request