Immediate Annuities

Friday, September 16, 2011 ♥ Filed under: Tags:

In case, you are looking for a guaranteed income in retirement you may want to try immediate annuities. It is actually a type of insurance that is usually purchased with a lump sum payment with the aim of providing an income in retirement or anytime you want. Once you purchased an immediate annuity, the insurance company will hand over  you a sum of money. The checks can be sent either monthly, quarterly, semiannually, or annually. The amount of each check you receive will depend on the amount you have deposited with the insurance company, how many years of income you want and how the money is invested.

Leave a Reply