Immediate Annuity

An annuity with payouts that commence shortly (within months) after the annuity has been purchased. Immediate annuities are purchased with a single (lump sum) premium payment. Immediate annuity payments can be either fixed or variable. The payout period can be a certain amount of time such as 10 years, or can be guaranteed for the duration of the annuitant’s life (a life annuity). With an immediate annuity: 1) money goes in immediately as a single premium payment; 2) the money can be invested at a guaranteed rate or a variable rate, and; 3) payments from the annuity start right away.

NAPFA Provides Consumers with Quality Control while Maintaining Flexibility for Financial Advisors

NAPFA is the National Association of Personal Financial Advisors.

NAPFA membership consists of financial advisors who provide comprehensive...

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An Interview with Retirement Planning Expert Henry Hebeler

 

Henry "Bud" Hebeler is a former Boeing executive who has been running a retirement planning...

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Money Magazine on Immediate Annuities

There is a good article on the use of immediate annuities by Walter Updegrave who is a senior editor at Money Magazine. The article discusses how to think about an immediate annuity in light of other guaranteed payments from Social Security or a pension plan . Laddering of annuity purchases is discussed. Age and timing of an annuity purchase is addressed, as is the concept of the mortality yield or mortality credit . Source: Money Magazine Full Story

Columbus Life

Short Company Name: 
Columbus Life
Long Company Name: 
Columbus Life Insurance Company

Columbus Life Insurance Company offers services in life insurance and annuities. The company's life insurance options spans across four individual plans designed to cater to different clients, while its annuities plans cover two areas.

Life Insurance Products:

Company Type: 
Insurance Company
Address
City: 
Cincinnati
State: 
OH
ZIP Code: 
45202-3302
Country: 
USA
Phone Number: 
800-677-9595
Fax Number: 
513-361-6939
Year Founded: 
1906
Key Phrases: 

Symetra

Short Company Name: 
Symetra
Long Company Name: 
Symetra Financial

Company Type: 
Insurance Company
Address
City: 
Bellevue
State: 
WA
ZIP Code: 
98004-5135
Country: 
USA
Phone Number: 
800-796-3872
Year Founded: 
1957
Ticker Symbol: 
SYA

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