What is Immediate annuity?

June. 17,2023
What is Immediate annuity?

Immediate annuity is a type of annuity insurance. The buyer pays the annuity insurance in one time, with lump-sum money and contribution converted into an ongoing and guaranteed stream of income for certain period of time.

 

Benefits of investing in annuities

 

Guaranteed Income - Annuities are a contract between an investor and an insurance company and are the only investment product that guarantees a lifetime income.


Tax Benefits - Annuities offer the opportunity to expand tax growth, i.e. your funds can double and defer taxes until you are withdrawn or start paying an annuity.


Market Volatility Coverage - Annuities offer several different guarantees that protect against a market downturn and add costs, including growth guarantees, capital protection or guaranteed lifetime income streams, and never decrease


Higher payments - Annuity payments include interest and a portion of the principal and may continue to be paid after your capital is recovered, which is higher than the payment of income and similar investments.

Choose qualified Specialists to manage your annuity


Competitive prices - you might be able to save money compared to the annuity you currently have.


Value benefits - including the lifetime income and inflation protection option.


Value for money - variable annuities with growth in tax-deferred and exit-free investments.


Team of Licensed Annuity Specialists


High-level insurance companies - Annuities available for purchase are provided by a well-known insurance company with an AA or higher rating.