dcsimg

Insurance Definition: IMMEDIATE ANNUITY

By Compuquotes Team on March 27th, 2008

IMMEDIATE ANNUITY:

Definition:

  • 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.

Information provided by Insurance Information Institute

Featured Insurance Quote
Twitter
Facebook 470 flares Google+
470 flares ×