When Do Annuities Pay Out?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Annuities pay out at the time you choose to annuitize your policy. If you have an immediate annuity for which you paid a lump sum, your annuity will pay out almost immediately after taking out the annuity. If you have been putting payments into your annuity for a number of years, you make the choice when you want the annuity to start paying you.
    Answered on June 8, 2013
    flag this answer
  2. 0 POINTS
    Contact Me
    David RacichPRO
    Fountain Hills, Arizona
    Annuities are ultimately purchased for income scenarios. Deferred annuities can be annuitized or if they have withdrawal income riders can be scheduled to meet your income needs. Some are designed for 10 or 20 years certain. Immediate annuities can pay out according to your specified request or generate lifetime income you can’t outlive. 

    Answered on June 8, 2013
    +0
    1 Thumb up 0
    +1 this answer
    flag this answer
    3. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>