Once an immediate annuity makes its first payment, it can not be cashed in. First determine what your goals are. No two individuals have the same circumstances and no one knows better than you what your specific needs are. Ask yourself when you want to begin using the returns from your annuity. Once you have answered these pivotal questions, it should be fairly easy to know what type of immediate annuity will best meet your goals.
Immediate annuities have no front-end loads or sales charges.
At Annuity Shopper Brokerage Services we do not charge any fees. We are compensated by a commission that is paid to us directly by the insurance company when you purchase an annuity product. An immediate annuity should be just one element in your overall portfolio. Immediate annuities are a conservative way to guarantee income that you will not outlive. Most insurance companies are well-managed financial institutions.