Immediate annuity is an annuity that has little or no accumulation phase. You purchase it with one payment and may begin receiving series of payments whether right away or deferred it until specified time. Immediate annuity could help secure your financial future by ensuring a series of income payments.
Person with these conditions might find immediate annuities suitable:
* Person who want a retirement income and might want to consolidate some of their accounts and receive multiple income payments.
* Person who has winning lottery or inherited a sum of money and wants to receive that money over time.
* Person who have been awarded a sum of money from court settlement and awarded paid over time via an immediate annuity.
The characteristic that distinguish immediate annuity from other annuity type – deferred annuity is you purchase annuity with a lump sum of money (called a premium) at one time and eligible to start receive series of payments based on your annuity payout option.
Unlike deferred annuity which is required relatively longer accumulation period. Immediate annuity has only little or no accumulation period. This...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
