What Is The Accumulation Period For Immediate Annuities?

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   Peggy Mace

   Most of the U.S.

   There is no accumulation period for immediate annuities. After you purchase the SPIA (Single Premium Immediate Annuity) with a single lump sum amount, you are able to begin receiving payments from the annuity almost immediately. Typically, you will receive your first payment one month after the immediate annuity is procured.

   Answered on June 14, 2013

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