Sentences with phrase «lifetime immediate fixed»

[Reminder: A lifetime immediate fixed annuity with inflation adjustments functions very much like a pension — the annuity provider (an insurance company) pays you a predictable amount of money every year until you die, at which point the money disappears.]

Not exact matches

The immediate pay fixed annuity, if you simply need lifetime income and need to convert a savings or certain amount of money into a stream of income, rather than a holding of savings, and for life.

Indeed, immediate variable annuities are an odd beast: As with an immediate fixed annuity, you hand over a lump sum to an insurance company in return for lifetime income.

There are different types of income annuities you may consider: an immediate income annuity, a deferred income annuity, or a fixed deferred annuity with a guaranteed lifetime withdrawal benefit (GLWB).