If you are nearing your retirement age, an income annuity will allow you to convert a segment of your retirement funds into lifetime guaranteed income payments. You can pay a lump sum amount as the premiums or make flexible payments over a certain time period. The safety of guaranteed income will make the retirement phase of your life the best period of your life.

2. Annuities

A fixed annuity can help you
accumulate tax-deferred
earnings as part of your overall
retirement plan. Annuities offer
the opportunity for lifetime
payments and tax-deferred
earnings, and provide a
guaranteed death benefit for your

3. Why We Required Immediate
Annuities
If you are nearing your retirement age, an
income annuity will allow you to convert a segment
of your retirement funds into lifetime guaranteed
income payments. You can pay a lump sum amount
as the premiums or make flexible payments over a
certain time period. The safety of guaranteed
income will make the retirement phase of your life
the best period of your life. You will not be
financially dependent on your children and you can
easily indulge different activities at your pleasure.

4. 3 Types of Immediate Annuities
Single premium immediate annuities
or immediate annuities come in 3
different varieties. So today, let's
discuss them in detail and find out
how they can benefit you. The 3
types of immediate annuities
include:

5. Inflation-adjusted payout
An Inflation-indexed immediate
annuity can be considered as a part
of fixed immediate annuity. In this
option, you will receive regular
income from the insurer, however,
this income will be counted based
on a pre-determined formula.
Initially, the beneficiary is offered a

6. Fixed Payout
If you have opted for fixed immediate
annuities, you will receive a fixed
amount of money every month,
which will stay the same throughout
the contract term. The amount of
money that you will receive depends
on the money that you have
invested.

7. Variable Payout
Insurance companies do not
guarantee a regular stream of
income for all those opting for
variable immediate annuities. In
contrast, the amount of money that
a person will receive depends on the
mutual funds, underlying
investments or stocks and thus the

8. Which Is The Best For You?
While some people may believe that annuities are too
expensive this is not always the case. If you have
evaluated the annuities in the right way and have
considered all the options, you can pick up a payout
that offer guaranteed income and other important
benefits. Another thing that a majority of people
think is that if they do not live for a long time period,
they will be losing their money by purchasing an
annuity. However, this is just a myth. No matter how
long you live, the payouts from your annuities will
equal to the amount of money you have put in.

9. References
www.lionshareinsurance.com

10. References
www.lionshareinsurance.com