Immediate Annuities

15 May 2008

Immediate Annuities

Immediate annuities provide an immediate, lifetime income to individuals ready to retire.

Here's how they work: you invest your savings in one premium payment to the insurance company. In exchange, the company promises to pay you a specified stream of income for a specified period of time.

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If you don't need an immediate income, take advantage of the tax-deferred savings benefits annuities offer. Invest in a deferred annuity.

The amount of your income payouts is determined by the guaranteed interest rate and the payout option you select. Your income can last throughout your lifetime or the lifetime of both you and your spouse.

Best of all, the frequency and amount of each paycheck is guaranteed by the insurance company. You can receive a paycheck as often as you like for as long as you choose. Not many retirement savings plans offer that.

Call AccuQuote today at 1-800-875-4764!