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Annuities & Pensions Insurance Q & As
Question 9 of 31 in Basics
What is an immediate annuity?
Many potential annuitants are interested in giving an insurance company a lump sum of money and immediately beginning to receive a stream of payments. An example of this might be someone who has sold a business and wants to use the proceeds of the sale to receive a monthly income. Under these circumstances, an immediate annuity would be appropriate.