Explore Coverage
Three people in a home meeting around a table with a tablet.

Immediate Annuity

Three people in a home meeting around a table with a tablet.
$15,000.00

An immediate annuity is designed to turn a lump sum into a predictable sequence of payments, beginning within approximately twelve months of purchase. It may be especially appealing to individuals who want to create a predictable source of retirement income rather than manage withdrawals on their own. Payment arrangements and schedules depend on the contract and the choices you make, including how long payments are intended to continue.

We explain options in plain terms, along with important trade-offs such as limited access to the original payment and provisions for beneficiaries. Our objective is to assist you in understanding what an immediate annuity can and cannot provide. By reviewing your income priorities and retirement planning together, we can help you determine whether this approach suits your plans. We provide individualized retirement planning assistance.