Immediate Annuities Online

Who needs salespersons when you can buy immediate annuities online? All you need to do is to fill up an online form to shop and compare prices, and then you can choose an immediate annuity that works for you. Most immediate annuities online are available with free service. When we talk about immediate annuity, it means you are entering a contract with a life insurance company. The contract states that you are required to pay a certain amount of money to the life insurance company of your choice. For the part of the insurance company, they will agree to give you staggered payments for a specific period of time.
Unlike a deferred annuity, in an immediate annuity, you get to be paid by the insurance company right away as the name implies. The insurance company sort of provides you with a stream of income through the payments. Depending on the agreement, you will be paid for a specific period of time, which is called fixed period immediate annuity or you can choose a contract wherein the insurance company will continue to provide you payments your whole life, and this is called a lifetime immediate annuity. Another option is to add a guaranteed period to your lifetime annuity in which your beneficiaries will continue to receive payments even if your death is within the specified guaranteed period.