Insurance glossary
What is IMMEDIATE ANNUITY?
IMMEDIATE ANNUITY — A product purchased with a lump sum, usually at the time retirement begins or afterwards. Payments begin within about a year. Immediate annuities can be either fixed or variable.
Insurance glossary
IMMEDIATE ANNUITY — A product purchased with a lump sum, usually at the time retirement begins or afterwards. Payments begin within about a year. Immediate annuities can be either fixed or variable.