An annuity that begins to make income payments immediately (or soon after) after the first premium is paid, as opposed to a deferred annuity.
A single premium annuity where the annuitant immediately begins to receive income payments under a payout option one payment period following the register date. For example, if income is payable monthly, the first payment will be one month after the register date.
An annuity under which periodic income benefit payments are scheduled to begin one annuity period after the contract's issue date. Contrast with deferred annuity. See also annuity period.
This is an annuity where payments are made straight away.
An annuity that begins no later than one month after the end of the pay period during which you are separated from service; or An annuity under 5 CFR 842.204(a)(1) for which the starting date has been postponed.
An annuity that provides for the first payment to the annuitant to begin at the first premium payment interval (which may be the next month, quarter, etc.). This can be contrasted with a deferred annuity, whereby benefits are to begin at a future date.
the policyholder begins receiving checks out immediately.
Immediate annuities guarantee a systematic stream of income. They are funded by a lump sum payment to an insurance company. In a given annuity period, e.g., monthly or yearly, an immediate annuity provides payments composed of both the principal and any interest earnings; payments will, over time, liquidate the principal. Immediate annuities are often purchased for the purpose of providing income during retirement.
An annuity on which payment begins one period (30 days, but not more than one year) after purchase. Immediate annuities often are purchased by retirees investing funds from a savings account, investment maturity or the cash value of a life insurance policy. Immediate annuities also are purchased to fund the payment of litigation settlements and generally are referred to as structured settlements.
An annuity under which the first periodical payment is payable immediately.
An annuity where periodic payments to the annuitant begin straight away once it is bought. This differs to a deferred annuity, where the payments begin at a future specified date.
a contract between an individual and an insurance company that allows the individual to convert a lump sum of money into a steady stream of income for a specified period of time
a contract from an insurance company that offers a series of monthly, quarterly, semiannual or annual payments that provide the annuitant (either you or someone else) with income over a period of time or for life
a contract in which the insurance company guarantees to provide a series of substantially equal payments over a period of time in exchange for a single
a contract that provides a series of income payments at hartford annuity
a contract with an insurance company that guarantees you an immediate fixed income for the rest of your life, and, in some cases, continuing for a certain period even after your death
a financial vehicle annuity investment that can provide
a financial vehicle that can provide a guaranteed income for life
a guaranteed stream of income paid in exchange for a lump-sum fee
an annuity that begins to be paid as soon as it is purchased
an annuity whose first payout check is deferred only one payment period
an insurance contract that, in return for a one-time payment, starts paying a fixed sum for your lifetime or for some other period
an investment vehicle that immediately begins
a retirement income investment purchased through a life insurance
a useful option for someone who has money to invest now, but wishes to establish a source of cash income on a monthly basis
An annuity in which benefits begin soon after the annuity is purchased.
An income stream that provides a guaranteed income stream that is paid at predetermined intervals at a predetermined rate. It can be paid for a specified period (term certain annuity) or for life (lifetime immediate annuity). You can purchase an immediate annuity with an Eligible Termination Payment (ETP) or ordinary (non-superannuation) money.
An annuity that allows you to exchange a lump sum of money for a regular income which may be for life or for an agreed term. Immediate annuities can be purchased with ordinary money or with superannuation. These annuities are offered mainly by life insurance companies but may also be offered by friendly societies and credit unions. (see also Immediate annuities)
An annuity that starts payments immediately after, or soon after, the first premium is paid
The annuity providing for payment to begin immediately.
An annuity contract purchased for a lump-sum (single premium) that starts to pay immediately following its purchase.
An annuity that begins payout after a single payment is made. Also known as "immediate payment annuity."
Type of contract which begins paying out within one annuity period — for example, 1 month or 1 year, after it is purchased — and pays principal and earnings to liquidate the principal over some time period.
A contract in which annuity payments are made at the end of each payment period. Payment periods may be monthly, quarterly, semi-annually, or annually.
An annuity contract purchased as a distribution vehicle with payout beginning immediately.
An annuity where, income benefits begin one annuity period after the annuity is issued. If it is specified that benefits are paid annually, then the benefit payments begin one year after issue.
Generally bought with a lump sum investment. You begin receiving income within a short period of time (less than 13 months).
An annuity which commences immediately, or shortly after, it is purchased.
An annuity under which income payments begin one period after the annuity is purchased. | Back
An annuity that begins no later than one month after the date the insurance would otherwise stop An annuity under 5 CFR 842.204(a)(1) for which the starting date has been postponed under 5 CFR 842.204.
In an immediate annuity, the investor begins to receive payments immediately upon investing. This is for investors that need immediate income from their annuity. When you purchase an immediate annuity you can choose between payments for a certain period of time typically five to twenty years – " period certain"), payments for the rest of your life and/or your spouse's life, or any combination of the two. You can even choose between a fixed payment that doesn't vary or a variable payment that is based on market performance.
An annuity that commences benefit payments immediately after a specified interval (one month or one year). This type of annuity is nearly always purchased with a single premium.
An annuity contract which provides for the first payment of the annuity at the end of the first interval of payment after purchase. The interval may be monthly, quarterly, semiannual, or annual.
Annuity purchased with a lump sum that begins to pay regular income soon after purchase. There is no investment growth period.
A type of annuity that begins to pay out benefits one payment interval after the payment of a single premium. Also see Deferred Annuity.
An annuity under which benefit payments are scheduled to begin one annuity period after the annuity is purchased.
An annuity under which payments commence straight away, in contrast to a deferred annuity, under which the payments do not commence until later (possibly many years later).
An annuity that commences payment to the annuitant at the end of the first prescribed payment period. If an insured buys an immediate annuity with monthly payments, he will start receiving benefits at the end of the first month after the purchase.
A contract in which annuity payouts begin immediately or within one year.
A specially structured Investment that delivers fixed payments over a fixed term and commences after purchase.
An annuity coming into operation from the date of completion of the contract.
a regular income stream purchased with a lump sum investment, where the income stream starts immediately after the purchase. They are usually provided by a life insurance company for the purposes of retirement income.
An annuity which commences payment Immediately (as distinct from a deferred annuity). Immediate annuities may be purchased with either ETPs or with ordinary money. Many options are available, for example: Fixed payment period, e.g. 10 years; Lifetime payment; Indexed to CPI or a fixed amount, e.g. 5%; Frequency of payment – monthly, quarterly, yearly etc.; Residual capital value – 0% to 100%; Reversion to surviving spouse at an agreed level, e.g. 85%.
This is an annuity which starts to pay out straightaway.
An annuity which is purchased with a single payment and begins to pay out an income to the investor straight away, either for an agreed fixed period or for the life of the investor.
An annuity that starts paying out immediately, usually within one month of purchase.
An annuity contract that you buy with a lump sum and begin to receive income from within a short period, always less than 13 months. An immediate annuity can be either fixed or variable.
An annuity which begins to make periodic payments within one year of money being placed with a life insurer. It usually starts in 30 days and pays monthly.
A product purchased with a lump sum, usually at the time retirement begins or afterwards. Payments begin within about a year. Immediate annuities can be either fixed or variable.
An annuity purchased with a single premium with benefits to begin one payment interval (month, year) after the premium is paid.
An annuity providing for payment to begin immediately.
An annuity contract that is often bought with a lump sum and from which the beneficiary begins receiving income within a short period, always less than 13 months. An immediate annuity can be either fixed or variable.