Immediate Annuity Information Charlotte NC

Satisfied annuity owners.Immediate Annuities can make your retirement worry free.

With a single premium immediate annuity, you pay a single lump sum of money. You then draw an immediate income. This option is great for a guaranteed monthly lifetime income. You cannot outlive your retirement income. With an immediate annuity you have options to modify the way you receive your income.


Immediate Annuities - Three Popular Options Are:

  1. Include your spouse. You may wish to include your spouse in the immediate annuity. This way the monthly income payments will continue throughout the lifetime of both you and your spouse. An immediate annuity can be structured to leave money to your heirs.
  2. Period certain. (Include your children) This is where you set a certain period of time that you will receive a monthly income payment. If you do not outlive this period of time the monthly income payments will continue to be paid to your beneficiaries until the period of time ends.
  3. Life with period certain. Here the annuity is guaranteed to pay an income for a minimum period of years even if you do not outlive this period. If you outlive this period the annuity is guaranteed to pay an income for your entire lifetime.

Learn about other types of annuities:

  • Indexed Annuity
  • Fixed Annuity