Is An Immediate Annuity A Fixed Annuity?

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August 4, 2015

Stan Cox II

An Immediate Annuity is one that begins to pay a regular amount to the annuitant in the first pay period after depositing the funds. The pay periods may be monthly, quarterly, semi annually, or annually. A deferred annuity is one that has an accumulation period for a determined amount of time before the distribution begins making it a “deferred” annuity. Either one may be fixed or variable.
March 17, 2015

Ted Ratliff

An immediate annuity is an annuity that begins immediate payouts of income. It can be fixed, indexed, or variable. A Fixed Annuity has a set interest rate that it will pay. An Indexed Annuity has a guaranteed rate which can increase based on the performance of stock index’s. A variable annuity’s interest rate is more closely tied to the stock market and is a little more volatile.

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