Immediate annuities offer the opportunity to provide income today, and a guaranteed stream of income you won’t outlive – no waiting, no worries.
How immediate annuities work
When you purchase an immediate fixed annuity, you invest a lump sum to generate a guaranteed stream of income that begins within a year after purchase.
At the time of purchase, you select from a range of annuity income options to determine how you want to receive your income payments over time.
These options allow you to structure an income that’s guaranteed to last for your lifetime, for a set period of time, for joint lives, and/or to provide for loved ones after you’re gone.
Benefits to you
- Powerful option of creating a guaranteed stream of income that can’t be outlived
- Reliable source of steady income
- Using a portion of your assets for a reliable stream of income allows you the freedom to invest for growth with other assets
- Receiving your money as an income stream may spread out your tax liability over time