Immediate annuity

Immediate annuity,

Definition of Immediate annuity:

  1. Annuity in which payments to the annuitant or beneficiary start at once upon establishment of the annuity plan or scheme. Such annuities are almost always purchased with a single (lump sum) payment.

Meaning of Immediate annuity & Immediate annuity Definition

Immediate Annuity,

Immediate Annuity:

  • The annual amount purchased with a premium and its payment to the beneficiary starts after the end of the first mandatory payment period. For example, if the payment is made monthly, the first payment will be made 1 month after receiving the assistance. If the period of income begins at the beginning of the first period of income, the pension is the pension that must be paid. Most of the time, the annual payment is purchased as an offset option on the life insurance policy.

  • Meaning of Immediate Annuity: Products purchased with a certain capital, usually at the beginning or after retirement. Payment will begin in about a year. Pension payments can be fixed or variable.

  • This type of pension requires a one-time purchase payment, you are paid regularly during the period specified in your contract, which can continue for the rest of your life. It is usually purchased by retirees who want expected and stable income, regardless of market activity. It is also called retirement income.

  • A pension that begins to pay off immediately.

  • You can convert an annual payment into a lifetime or multi-year payment for instant annual. Payment starts immediately.

Literal Meanings of Immediate Annuity

Immediate:

Meanings of Immediate:
  1. Both went away immediately.

  2. Closest in time, proportion or limit.

  3. (Knowledge or reaction) acquired or manifested without intuitive thinking.

Sentences of Immediate
  1. Authorities did not take immediate action.

  2. Only close relatives attended the last rites.

  3. Hume showed that direct knowledge of the causes is impossible because we lack the necessary sense of connection.

Synonyms of Immediate

not long past, just gone, instant, prompt, swift, rapid, instantaneous, recent, expeditious, on-the-spot, speedy, quick

Immediate Annuity,

What is The Definition of Immediate Annuity?

Immediate Annuity can be defined as, An annual amount purchased with a premium, with payment to the beneficiary after completion of the first mandatory payment. For example, if the payment is made monthly, the first payment will be made 1 month after receiving the assistance. Retirement pension is the main source of income. Most of the time, the annual payment is purchased as an offset option on the life insurance policy.

Capital that is usually raised on retirement or after retirement with a certain amount. Payment must be made within one year. Pension payments can be fixed or variable.

Definition of Immediate Annuity: This type of pension requires a one-time payment, under which you receive regular payments for the period specified in your contract, which can last a lifetime. They are usually obtained by retirees who want a steady stream of income, regardless of market activity. It is also called retirement income.

The annual amount is paid immediately.

You can convert an annual payment into a lifetime or multi-year payment for an instant annual payment. Payment is made immediately.

You can define Immediate Annuity as, Pensions that pay rent within 12 months or less than the premium paid.

Literal Meanings of Immediate Annuity

Immediate:

Meanings of Immediate:
  1. Do both immediately.

  2. Near time, ratio or interval.

Sentences of Immediate
  1. No immediate change plan

Synonyms of Immediate

lightning, sudden, occurring recently, snappy, precipitate, alacritous, abrupt, rathe, hurried, overnight, p.d.q. (pretty ■■■■ quick), hasty, fleet, whirlwind

Annuity:

Meanings of Annuity:
  1. The amount paid to someone each year, usually for life.

Sentences of Annuity
  1. Excluding a £ 1000 pension of your choice.

Immediate Annuity,

What is The Meaning of Immediate Annuity?

  1. An annual amount purchased with a premium, with payment to the beneficiary at the end of the first mandatory payment. For example, if the payment is made monthly, the first payment is made 1 month after receiving support. If income is the main source of income, then pension is a retirement pension. Most of the time, the annual payment is purchased as an off-setting option on a life insurance policy.

  2. Immediate Annuity means: Capital that is usually earned with capital at or after retirement. Payment must be made within one year. Pension payments can be fixed or variable.

Literal Meanings of Immediate Annuity

Immediate:

Meanings of Immediate:
  1. Be both or do it right away.

Sentences of Immediate
  1. There are no immediate plans for change.

Synonyms of Immediate

p.d.q. (pretty ■■■■ quick)

Annuity:

Meanings of Annuity:
  1. The amount of money paid to someone each year, usually for life.

Sentences of Annuity
  1. You are leaving a £ 1000 pension in your will.

Immediate Annuity,

Immediate Annuity: What is the Meaning of Immediate Annuity?

Immediate Annuity
  1. Definition of Immediate Annuity: This type of pension requires a one-time payment, under which you receive regular payments for the period specified in your agreement, which can last a lifetime. It is usually purchased by retirees who want an expected and stable income, regardless of market activity. Also known as retirement income.

  2. Annual payments are made immediately.

  3. You can convert a lump sum payment into a lifetime or instant annual payment over several years. Payments are made immediately.