Immediate Annuities Provide Lifetime Income

Why don’t more people buy immediate annuities, you may wonder. Is it a deal that sounds too good to be true? The fact is that immediate annuities are one of the only ways you can guarantee a stream of income for life, except for Social Security, Pension Plans, etc. And for retirees, Social Security is not usually enough to maintain their lifestyle. As more baby boomers retire over the coming decades, more and more people are going to discover the benefits of immediate annuities.

What if you could retire without having to worry about losing your income (or a portion of it)? With immediate annuities, you can continue receiving payments, monthly or quarterly, that supports your lifestyle. There is no reason to discredit immediate annuities: they have existed for hundreds of years; they are backed by the full faith and credit of the insurance company issuing the policy; and immediate annuities have provided safe, guaranteed lifetime income for thousands upon thousands of people in retirement.

An immediate annuity is a contract between you and the issuing insurance company, a contract that ensures in return for a premium deposit, you will be paid income for life. It is that simple. Of course, there are options that you can add-on to the payout structure of an immediate annuity, but at its most simple form, immediate annuities offer guaranteed income for life.

Perhaps you are interested in immediate annuities, but you want to make sure that you get back at least what you originally deposited. You can add a period certain option, which will guarantee payment for a number of years, even if you die. The remainder of the annuity payments will be paid to whomever you select as beneficiary. Common period certain terms are from 10 to 30 years. You can also add a joint and survivor option, where the immediate annuity reverts to a named joint annuitant once the original annuitant passes away. The immediate annuity payments are now guaranteed to the survivor, for the rest of his or her life. These options can reduce your monthly benefit, but can offer you additional peace of mind.

Are you considering purchasing immediate annuities? FixedAnnuityDirect.com has all you need to know about immediate annuities in one online location. Or call the Annuity Specialists at 1-877-519-8599 for fast, free immediate annuity quotes.