google bot detected Immediate Annuity | Insurance Glossary |

Immediate Annuity

Definition of "Immediate annuity"

Annuity that begins payments after a single premium is paid. For example, the annuitant pays a single premium of $100,000 on June 1 of the current year and begins receiving a monthly income of $1200 for life starting July 1.

Related Real Estate Glossary terms

Related Real Estate FAQ