When Do Immediate Annuity Payments Begin?

I asked this question to David Pipes in Fresno, California and here is what he said:

” Generally speaking the annuity payment starts within one year of making the deposit. Otherwise it is called a “deferred annuity.” Annuity payments come at regular intervals for the remainder of the annuitant’s life, unless he selects another option. This will provide a higher level of consumption and remove the risk of exhausting the capital.”

I welcome your comments about this topic and would love to answer your question – please comment below:

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About robertjrussellcompanies

International Real Estate Agent * Insurance Broker * Radio Talk Show Host * Public Speaker * find out about me - visit http://www.robertjrussellcompanies.com
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