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Life Only

Types of Annuities Part 1: Immediate Annuity

An immediate annuity is where a lump sum has been turned into an income stream. The lump sum is no longer available, but instead a guaranteed income is being received that can payout over a person’s life expectancy. Overall the returns credited to an immediate annuity are very low, but the income guarantee is the real benefit. Have you ever heard that if you set up an annuity and die, t...
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