Immediate Income Annuity
Lifetime Income Starting Now
How It Works
In exchange for a portion of your retirement savings, an insurance company will provide you with a steady monthly income stream that can begin anytime within the next 12 months, and last for your lifetime or for a set number of years.
Benefits:
- Ability to begin income immediately or within 12 months of purchase.
- Income payments are fixed and not subject to market volatility.
- Guarantee a stream of income for your lifetime, or a set number of years.
My Income Story
After retirement, I knew I needed additional income to cover my basic expenses. My immediate annuity provided me with my first check 30 days after my contract was issued, and gives me peace of mind knowing that the income will last for my lifetime.