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Products Retirement Product Immediate Annuity |
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Immediate Annuity |
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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. |
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Features: |
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One
time contribution
Flexible payment pattern
Principal is tax free
No
hidden charges |
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