Sentence examples for immediate Annuities from inspiring English sources

IMMEDIATE ANNUITIES With this type of annuity, you give a pile of money to an insurance company, and it provides you with a paycheck until you die.

Now, immediate annuities have all the variations mentioned above.

"If you're using your daily portfolio for groceries, consider immediate annuities," Ms. Hogan suggests.

Annuities like the one Ms. Jarvis considered are known as immediate annuities because the payments begin right away and continue for life.

Not the high-priced complex contraptions sold to unwitting seniors, but the plain-vanilla immediate annuities, where you pay a giant pile of cash to an insurance company in exchange for a guaranteed stream of income for life.

With an eye on both inflation and guaranteed income, Paula Hogan, a fee-only certified financial planner in Milwaukee, recommends inflation-indexed immediate annuities for those currently in retirement.

A $1 million New York Life annuity bought by a 66-year-old man, with payments starting immediately, known as a single-premium immediate annuity, would pay $65,666 a year — far more than a 4 percent withdrawal from a $1 million pot.

You may be required to explain to the company holding your immediate annuity why you need the money immediately.

It is also significantly less expensive than buying an immediate annuity, whose payments begin right away.

With an immediate annuity, a person pays a lump sum and begins receiving income right away.

That suggests the administration is open to other solutions, though there are not many others that are as simple as the basic fixed immediate annuity (also known as a single premium immediate annuity) that delivers a regular check for life.