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immediate annuity

American  

noun

  1. an annuity bought with a single premium, with payments to the annuitant to begin at the end of one payment period, as a month or a year.


immediate annuity British  

noun

  1. an annuity that starts less than a year after its purchase Compare deferred annuity

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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Last week, the company announced a lineup of target-date funds where the fixed-income portion of the portfolio is designed to flow into a single-premium immediate annuity policy upon retirement.

From MarketWatch ● Dec. 17, 2025

“The single-premium immediate annuity is one of the most popular forms of annuity and the most efficient,” said Josh Weinstein, vice president of lifetime income solutions at Fidelity.

From MarketWatch ● Dec. 17, 2025

State Street’s IncomeWise lets older workers put up to 25% of their nest egg into a deferred annuity that starts payments at age 78, providing a higher income than an immediate annuity.

From The Wall Street Journal ● Dec. 3, 2025

A manufacturing employer with lower-income employees could adopt an immediate annuity at age 67 as a default.

From The Wall Street Journal ● Oct. 18, 2025

An immediate annuity is an insurance product that provides guaranteed income: You give an insurer a chunk of money, and the company gives you a stream of payments that can last for life.

From Seattle Times ● Sep. 18, 2023

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