Can Annuities Be Paid Monthly?

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October 2, 2014

Peggy Mace

Some annuities can be paid on a monthly basis. The premiums accumulate and draw interest until the annuitization phase, when you begin drawing out the money as income. Single premium immediate annuities can NOT be paid monthly. But there are several types that CAN be paid monthly. A good agent can help match you with the right annuity for your situation.

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