Annuities are a way of investing for the future that has been around for a long time. In the beginning you only had one option but today you have several to choose from. The immediate annuity is one of these options. When you invest in an immediate annuity you will make a payment to an annuity insurance company. You will then begin receiving payments right away unlike with the deferred annuities option where you will need to wait for a specified time.

The immediate annuity normally has lower interest crediting rates than the fixed annuity or the variable annuity because it does begin paying right away. Still, it has other benefits to offer that make up for the lower interest rates.

Who Benefits From This Type of Annuity?

Since this type of annuity has a lower interest rate, who benefits from it? Normally, someone that has just received a large amount of money from an inheritance, winning the lottery or some other unforeseen event will benefit the most from the immediate annuity. This is because it gives them a way to ration out this money so they will be able to spend it wisely overtime instead of wasting it away quickly and wondering what happened to it later.

Anyone that has a large sum of money that is not good with managing it would greatly benefit from this type of annuity as well. There are two options you can choose from with this type of annuity. One is called the variable immediate annuity and the other is the fixed immediate annuity. Most people will choose the fixed annuity because it will guarantee you a specific payment each month. This way you will always know how much you will be getting and when. Some choose the variable annuity because of the low interest rates and strong equity that comes along with it.

Advantages of Immediate Annuity

Immediate annuity has several great benefits such as having the option of receiving payments for the rest of your life or only for a specific length of time. It provides you with a certain amount of income that you can depend on for the future and this is something that everyone needs.

Aside from this security, it is the simplest of all the annuities that are available because you will not need to manage a portfolio. It provides you with an immediate income right after the annuity is purchased and you can set it up to receive payments either monthly, four times a year, twice a year or yearly, it's entirely up to you.

As with other annuities there are different forms of the immediate annuity for you to choose from. Talk to the annuity company of your choice to help you decide which one will be the best for you. Some of your choices include "joint and survivor annuities", "Straight life annuity" and the option of having the payments made for a set period of time such as ten to twenty years.

Before you make a decision to choose the immediate annuity, you should talk to the annuity insurance company about other options such as the index annuity or the variable annuities that are available. You should also gather information about annuity rates and get a few annuity quotes to see who offers you the best deal. We are part of the fast growing Insure Tech industry that utilizes technology in every aspect of insurance sourcing and sales. This reduces the overwhelming costs associated with traditional method of insurance transactions. The result is the availability of very affordable premiums with maximum benefit. Join us, be part of the future today. Just click : https://titaniumshield.org