Word forms: (plural) immediate annuities
( Insurance : Life insurance )
An immediate annuity allows you to turn a one-time lump sum payment into a guaranteed series of payouts
that generally begin within a year of the annuity issue date.
An immediate annuity is purchased for a single premium or lump sum, and provides an immediate income to
An immediate annuity is an annuity contract in which payouts begin immediately or within one year.
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