LYCOS RETRIEVER 
Immediate Annuity
built 643 days ago
An Immediate Annuity is a very simple NO cost NO worry strategy to understand, setup and count on to provide you a check or direct deposit of income each month for as long as you live. The money / cash flow doesn't stop until you do (additional payment guarantee options may be added). Dollar for dollar it provides a higher actual monthly cash flow than any other investment option.
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ALIAC’s Immediate Annuity has 26 funds with fund transfer capability during the terms of the payout. Subject to approval by the New Jersey Superior Court overseeing the rehabilitation, and the satisfaction of other closing conditions, closing is expected to take place on or about July 14, 1999 with the first benefit payment from ALIAC anticipated to occur on August 1st.
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An Immediate Annuity provides peace of mind by guaranteeing a stable lifetime income you can't outlive. You may choose a level payment stream or one that increases with expected inflation. You may select to receive your guaranteed income for life or for a set period of time.
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The Single Premium Immediate Annuity addresses your financial needs by providing a stream of income from a single, lump-sum premium payment. It can be used for retirement funding, to provide care for dependents, and for gifts.
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When an Immediate Annuity is funded with after-tax dollars, only a part of each benefit payment is interest and considered taxable. The remaining part of the benefit payment is considered a return of your principle and not taxable. Once you have received a return of your principle, all future payments made thereafter will be fully taxable. Please consult your tax advisor for additional information.
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[A]n Iowa man aged 65 can obtain a fixed immediate annuity with a payout rate of 6.02% with annual CPI-adjustments. Or he can obtain a payout rate of 6.18% and graded at 3% (meaning that the payout amount increases by 3% every year). These quotes were obtained from Vanguard on December 24, 2007. These payout rates are higher than the standard 4% CPI-adjusted rule-of-thumb that many retirement experts feel can last 30 years from a balanced retirement portfolio.
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Immediate Annuity