Immediate Annuities
Becomes payable one annuity period later purchasing it in lumpsum
Commenses at end of monthly, quarterly, half yearly and yearly
Deferred Annuities
With a deferred annuity, money is invested for a period of time until the annuitant is ready to receive annuities.
Is paid after accumulation or deferment phase
Becomes payable one annuity period later purchasing it in lumpsum
Commenses at end of monthly, quarterly, half yearly and yearly
Deferred Annuities
With a deferred annuity, money is invested for a period of time until the annuitant is ready to receive annuities.
Is paid after accumulation or deferment phase