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.
Lincoln Benefit Life
Thrivent
Thrivent Financial is a company dedicated to serving Lutherans in the insurance and banking sector. Thrivent is a Fortune 500 financial services organization and is a faith-based organization. Thrivent is the largest fraternal benefit society in the United States. Products include annuities, mutual funds, insurance, banking, and church loans. Brief descriptions of product areas is as follows: