Immediate Annuities

Fixed immediate annuities are insurance products that provide a guaranteed stream of income shortly after a lump-sum payment is made. This option is particularly beneficial for retirees seeking a predictable income to cover essential expenses. The payments continue for a specified period or for the remainder of your life, depending on the terms of the annuity.

One of the main advantages of fixed immediate annuities is the elimination of market risk, as the payments are not influenced by market fluctuations. This ensures a stable income, which can be crucial for budgeting during retirement.