If those expenses exceed what you expect to get from Social Security and traditional pensions, consider buying additional guaranteed income by purchasing an
immediate annuity. Unlike other types of annuities that can be complicated and expensive, an
immediate annuity can provide a stream of income for life in exchange for a single lump-sum payment upfront.
MANAMA: Bahrain-based insurer LIC International is in the process of introducing Fortune Plus unit-linked plan,
immediate annuity and deferred annuity pension plans in the market to strengthen and diversify the product portfolio.
Fidelity Investments[R] has announced the addition of IncomeSource[R], a Single Premium
Immediate Annuity underwritten by two Western & Southern Financial Group ("Western & Southern") member companies, to the Fidelity Insurance Network[R], the company said.
for a single life
immediate annuity. In return, ABC promises to send Greg a check for $500 each month for as long as he lives.
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Immediate annuity: The investor gives the insurer a lump sum in return for a set rate of return and regular income payments until death, or for a specified period.
Genworth (NYSE: GNW) has launched the IncomeAssurance Immediate Need Annuity, a single premium
immediate annuity that provides a lifetime of monthly income payments for older, less healthy Americans, the company said.
The FAB also considers the duration of a plan fiduciary's monitoring duty in the context of two factual examples, the first involving an
immediate annuity and the second a longevity annuity option that does not begin providing income until a specified date that is 10 to 15 years after retirement).