When Do Immediate Annuity Payments Begin?

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   David G. Pipes, CLU®, RICP®

   Business Development Officer, T.D. McNeil Insurance Services, Fresno, California

   Generally speaking the annuity payment starts within one year of making the deposit. Otherwise it is called a “deferred annuity.” Annuity payments come at regular intervals for the remainder of the annuitant’s life, unless he selects another option. This will provide a higher level of consumption and remove the risk of exhausting the capital.

   Answered on September 4, 2014

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