A single premium immediate annuity provides guaranteed income for life or a specified period of time. Options allow significant flexibility in designing income patterns.
Immediate annuities offer tax advantages.
Immediate annuity payments receive favorable tax treatment if purchased with nonqualified funds. Each payment includes principal and interest, which defers the tax liability on the interest income. An Opportunity Immediate annuities are the only products that offer guaranteed lifetime income. The guarantee gives customers the peace of mind to invest other assets more aggressively. The flexibility of the GE Financial Assurance companies' immediate annuities allows a variety of innovative uses to meet customer needs .