Sentences with phrase «immediate annuities let»
Single - premium immediate annuities let a person set up an immediate, steady income stream with a one - time, lump - sum contribution.
https://www.columbuslife.com/ Not exact matches
Let's review the math behind an immediate fixed annuity.
Let's be honest - sometimes the best immediate annuity calculator is the one that is easy to use and doesn't require us to even know what the immediate annuity formula is in the first place!
Written into your deferred annuity contract will be the option to turn your deferred annuity into an immediate annuity after a certain amount of time has passed; essentially you are letting your earnings defer until such time as you desire to turn the investment into a guaranteed stream of income.
While the former enables you to invest a fixed amount till retirement followed by receiving benefits post retirement, the latter lets you invest a lump sum just when you are nearing retirement followed by immediate receipt of annuity.
Since you have expressed a desire to have them retain their independence, you could buy them this immediate annuity and let the monthly income be paid to them lifelong.