Personal Insurance:

Life Insurance

Health Insurance

Medical Discount Plan

Discount Health Plan

Dental Insurance

Dental Discount Plan

Dental/Vision Discount Plan


Homeowner Insurance

Disability Insurance

Long Term Care

Auto Insurance

Critical Illness

Final Expense Insurance

Mortgage Life Insurance

Medicare Supplements

Group Insurance

Insurance Tools

Insurance Information

Insurance Glossary

Buying Insurance

Life Insurance Calculator

Long Term Care Calculator

Disability Calculator


Other Options

Mortgage Loans

Debt Consolidation 

BBBOnLine Reliability Seal            

Immediate Annuity

An immediate annuity also called a Single Premium Immediate Annuity (SPIA), creates regular steady income that is purchased with a lump sum investment which begins immediately after the purchase.  Immediate annuities are usually provided by life insurance companies for retirement purposes and are guaranteed to continue for the rest of your life or for a period that you select.  The immediate annuity  distributions must begin within a year of the issue date.  As with deferred annuities, immediate annuities can be fixed or variable.



With an immediate annuity you can choose from a number of options.  A life option guarantees specified income for the rest of your life.  A period certain annuity guarantees income for a specified amount of time.  Lastly, there is a joint and survivor option, this guarantees income for the life of a primary and secondary person.

Start Here



  Zip Code              



Personal Insurance | Business Insurance | Find an Insurance Agency | Find Insurance by State | Insurance Agent Sign-up | Dental Discount Plan | Dental Medical Saving Plan | PPO Dental Plan | Family Dental Insurance | Full Coverage Dental Insurance | Small Group Dental Insurance | Group Dental Insurance Plans | Dental Care Insurance | Dental Insurance Coverage | Compare Dental Insurance | Health Insurance Plan | Health Insurance Quotes

Our Process | Privacy PolicyContact | Site Map | Home