immediate annuity

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Related to Immediate Annuities: Deferred annuities, Retirement Annuities

immediate annuity

n
(Banking & Finance) an annuity that starts less than a year after its purchase. Compare deferred annuity
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References in periodicals archive ?
There are two types of variable annuities: (1) variable immediate annuities and (2) variable deferred annuities.
Many products are sold as annuities these days, including life immediate annuities, which focus on managing longevity risk.
It provides fixed indexed annuities, fixed rate annuities, single premium immediate annuities and indexed universal life insurance policies and is a subsidiary of HRG Group Inc.
Sales of income annuities -- single premium immediate annuities and deferred income annuities -- are up 22 percent and fixed deferred annuities are up 12 percent compared to the same period last year.
With improved functionality, the app provides quick and easy access to total account balances across retirement savings, retirement healthcare, brokerage, bank, trust, mutual funds, life insurance, immediate annuities, after-tax annuities and assets held outside of TIAA.
The monthly payment is generally larger than traditional immediate annuities if the care recipient is less healthy and/or needs care.
Fixed immediate annuities are simple, clean and do exactly what your client wants, which is provide guaranteed income.
In the first example, the fiduciary periodically reviews the provider of the immediate annuities, but at some point replaces this product with a more competitive annuity from another provider.
Once we've defined a client's need in retirement, we work to fully fund that using single premium immediate annuities and variable annuities to create a level of guaranteed income that allows them to sleep well at night.
Do consider immediate annuities and deferred income annuities (''longevity insurance''), though, which can work well in some retirement plans.
If clients needed income right now, a financial planner would advise them to consider immediate annuities.
Immediate annuities can be used in IRAs that require minimum distributions beginning at age 70-and-a-half.