The immediate annuity would have no cash value and would provide systematic payments and interest for the insured's lifetime. (ohioinsureplan.com)
Should you take the payout as systematic payments, a lifetime annuity, or a lump sum? (ufcu.pfyfn.com)
The insurance company will arrange equal and systematic payments on a regular basis so the entire balance of the account is paid out in five years. (pocketsense.com)