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immediate annuity

   Also found in: Financial 0.01 sec.
immediate annuity
n
(Economics, Accounting & Finance / Banking & Finance) an annuity that starts less than a year after its purchase Compare deferred annuity
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It provides much more income than either a single premium immediate annuity (SPIA) or the traditional 4 percent systematic withdrawal payment (SWiP) method.
The do-it-yourself pension by Boomer Market Advisor
Increased income An immediate annuity can significantly boost your retirement income.
Investors Embrace Annuities by Mary Beth Franklin, Senior Editor, Kiplinger's Personal Finance / Kiplinger.com
If an 85-year-old client wanting $2,500 a month for life purchases a single premium immediate annuity today, the premium would cost about $185,000.
Great expectations: good news: people are living longer. Bad news: ... by Lindsay, Richard J. / Best's Review
 
 
 
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