Mon Sep 6 2010
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Products Retirement Product Immediate Annuity
Immediate Annuity
  The company immediately begins regular payments for life or for a specified amount of time in exchange for your one-time contribution.  Regular payments can be received on a monthly, quarterly, semi-annual or annual basis.  The payment of principal is tax-free; only interest is taxable.  Once purchased, immediate annuities have no cash value. In other words there are no payments other than the scheduled payments guaranteed under the contract.
   
  Features:
  One time contribution
Flexible payment pattern
Principal is tax free
No hidden charges

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