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	<title>New answer on: Why Purchase An Immediate Annuity?</title>

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		<title>By: Jim Winkler</title>

		<link>http://insurancelibrary.com/annuities/why-purchase-an-immediate-annuity</link>

		<dc:creator>Jim Winkler</dc:creator>

		<pubDate>Sat, 06 Dec 2014 19:09:27 +0000</pubDate>

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		<description><![CDATA[That is a great question! Generally the purpose of an immediate annuity is to provide an immediate supplement to one&#039;s income. They are often funded by money received through a settlement, inheritance, or some other form of large windfall. A way to stretch that windfall and prevent blowing through or outliving it is to put it into the annuity, and receive it in regular payments. It is a good way to protect yourself, and the money. Thank you for asking!]]></description>

		

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		<title>By: David Pipes</title>

		<link>http://insurancelibrary.com/annuities/why-purchase-an-immediate-annuity</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Fri, 24 Oct 2014 21:27:08 +0000</pubDate>

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		<description><![CDATA[An immediate annuity is the option for someone who wanted to convert a lump sum into an income stream that they could not outlive.  According to the annuity, withdrawals must start within 13 months and be substantially equal payments.  A benefit of an immediate annuity is that it has a blanket exemption from the 10 percent early withdrawal penalty.  Immediate annuities are sometimes used when the investment portion of the retirement income plan is not meeting expectations.]]></description>

		

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