Also referred to as a single payer immediate annuity, an immediate annuity is an insurance payment that is funded by a single lumpsum payment. The recipient of the fund determines the frequency and the payout of the fund upon purchase.
Also referred to as a single payer immediate annuity, an immediate annuity is an insurance payment that is funded by a single lumpsum payment. The recipient of the fund determines the frequency and the payout of the fund upon purchase.