An immediate annuity is a single-premium annuity that may help you convert your assets into a source of regular income.1 An immediate annuity may be an ideal way to supplement the income you receive from Social Security, employer-sponsored retirement plans or any other savings and investments.
An immediate annuity can be purchased with funds from a variety of sources including Certificates of Deposit, a profit sharing plan, or from an Individual Retirement Account (IRA).
For more information, contact a Financial Advisor.
Note: Clients must carefully consider the payout option of their immediate annuity. Annuity payments may not be advanced, accelerated or commuted except as specifically stated in the contract. Once annuity payments begin, they will continue until contractually repaid.