4800 Dairy Road,
Immediate annuities can be indexed annuities or fixed interest rate annuities both can provide you with a steady stream of payments that will continue for the rest of your life, or for the time period you choose.
If you’re about to retire, this annuity is a good place to rollover or direct transfer a lump sum of money that you’ve accumulated through a 401(k), 403(b) or other qualified retirement plans. In many cases pension plans offer a lump sum option and these can be rolled over to an immediate income fixed or indexed annuity. No taxes are due at time of rollover if the fixed income annuity is a traditional IRA. Once you’ve made your one-time payment, income payments can start in 30 days or be deferred and continue to accumulate interest or index credits.
You can choose from a number of options for receiving income from an immediate fixed or indexed income annuity.