An immediate annuity is a financial product sold by insurance companies that allows you to convert a lump sum of money into a stream of guaranteed income payments. Most people who purchase immediate ...

An immediate annuity is an investment that turns your current retirement savings into future income payments. When you buy an immediate annuity, you receive guaranteed income payments for a set number ...

What Is an Annuity Date? An annuity date, often referred to as the annuitization date, is a pivotal term in the context of annuity contracts. An annuity is a financial product issued by an insurance ...