Definitions for "Immediate Annuity"
An annuity that begins paying out income payments within 12 months or less after the premium is paid.
An annuity product under which life income or specified period payments begin at the start of the next period following premium payment (for example, one month or one year).
An annuity for which the income benefit begins within a one year period after the payment of a single premium.
a pension benefit that is payable immediately to contributors who
a pension which is payable to a contributor who, at the time of
an insurance product
a product sold by insurance companies that
Keywords:  force
In Force
an insurance-based contract that is typically funded with a one-time premium
Keywords:  investment, product
an investment product