Immediate Annuities

If annuities sound right for you, but you don’t want to wait years to start receiving payments, an immediate annuity could be exactly what you need.

With immediate annuities, your payments will start within a year.

The Details

This might be the annuity for you if you want your payments to start right away. You can choose payments that start 1 to 12 months after you buy the annuity and you can also choose how often you’ll receive a payment (every 1, 3, 6, or 12 months).

You can also choose how long you’ll receive payments:

• For life
• For a certain period of time
• For life, with a certain number of years guaranteed
• For the rest of your life and your joint beneficiary’s life

Why They're a Good Idea

An immediate annuity can balance out your income starting as soon as one month from the day you buy it. Maybe you’re self-employed, and you don’t get a regular paycheck every two weeks. Or maybe you’re already retired, and rely on investment income to cover your living expenses. Those checks might shrink if the market slows down, making it tough to meet your monthly budget.

An immediate annuity can smooth out your budget now, and into the  future.

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