When Do Immediate Annuity Payments Begin?
- 37376 POINTSContact Meview profileDavid G. Pipes, CLU®, RICP®PROBusiness Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaGenerally speaking the annuity payment starts within one year of making the deposit. Otherwise it is called a “deferred annuity.” Annuity payments come at regular intervals for the remainder of the annuitant’s life, unless he selects another option. This will provide a higher level of consumption and remove the risk of exhausting the capital.Answered on September 4, 2014+01 0+1 this answerflag this answerview more answers by David G. Pipes, CLU®, RICP®
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