Who May A Single Premium Immediate Annuity Be Appropriate For?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    A single premium immediate annuity may be appropriate for someone who has an adequate amount of savings for retirement, but who wants to supplement their income. Anyone who has a lump sum of money which they do not need access to, and who would like to have it structured to provide additional income on a regular basis, couple possibly benefit from a single premium immediate annuity.
    Answered on August 5, 2014
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