Can Annuities Be Paid Monthly?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Some annuities can be paid on a monthly basis. The premiums accumulate and draw interest until the annuitization phase, when you begin drawing out the money as income. Single premium immediate annuities can NOT be paid monthly. But there are several types that CAN be paid monthly. A good agent can help match you with the right annuity for your situation.
    Answered on October 2, 2014
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