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Immediate Annuities

An immediate annuity, or income annuity, is an insurance product that provides guaranteed payments to an investor over a specified period of time, funded through a lump-sum payment. Immediate annuities offer a useful fixed-income alternative for retirees. However, they are complex investments with tax structures and fee schedules that must be understood before a purchasing decision can be made. The sites listed below provide the most extensive educational information, as well as policy quotes.