Immediate Annuities

For clients who are ready for income now, there are immediate annuities

Immediate annuities help you convert your client's money into a reliable income stream that is guaranteed to last for the term they select — even for their lifetime.

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Why should clients consider an immediate annuity?

When your clients have an asset and want an easy way to create income, consider these benefits of an immediate annuity:

Create an immediate income stream

This type of annuity is designed to provide prompt and ongoing income.

Additional options for more income

Some solutions may offer increase strategies at time of purchase to adjust to rising cost needs in retirement.

Efficient transfer of wealth

This type of solution can help clients avoid the complications of taxes and delays associated with probate.

How immediate annuities work

With one payment, clients can begin receiving income payments immediately or delay them for up to 12 months. An immediate annuity can also provide payments to a joint annuitant or beneficiary.