When Do Immediate Annuity Payments Begin?

1. 

   37376 POINTS

   

   Contact David G. Pipes, CLU®, RICP® Contact David G. Pipes, CLU®, RICP® by filling out the form below

   
   Name
   

   
   Email
   

   
   Phone Number
   

   
   Message
   

   Please leave this field empty.
   

   Δ

   Contact Me

   view profile
   David G. Pipes, CLU®, RICP®PRO

   Business Development Officer, T.D. McNeil Insurance Services, Fresno, California

   Generally 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

   +0

   1 0

   +1 this answer

   flag this answer

   view more answers by David G. Pipes, CLU®, RICP®
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.